SEC Form 4/A · accession 0000008947-18-000139
AZZ INC · AZZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Daniel R Feehan
Director
Period of report
Jul 10, 2018
Accepted (ET)
Aug 9, 2018 · 4:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000008947
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCK | Jul 10, 2018 | A | 1,823 | $0.00 | A | 64,497 | D | |
| COMMON STOCK | Jul 11, 2018 | M | 2,724 | $25.67 | A | 67,221 | D | |
| COMMON STOCK | Jul 11, 2018 | F | 1,275 | $54.85 | D | 65,946 | D | |
| COMMON STOCK | Jul 11, 2018 | M | 1,362 | $45.36 | A | 67,308 | D | |
| COMMON STOCK | Jul 11, 2018 | F | 1,127 | $54.85 | D | 66,181 | D | |
| COMMON STOCK | Jul 11, 2018 | M | 1,603 | $43.92 | A | 67,784 | D | |
| COMMON STOCK | Jul 11, 2018 | F | 1,284 | $54.85 | D | 66,500 | D | |
| COMMON STOCK | Jul 11, 2018 | S | 2,003 | $54.50 | D | 64,497 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| STOCK APPRECIATION RIGHTSF5,F6,F7 | — | Jul 11, 2018 | M | 2,724 | D | — | — | COMMON STOCK | 2,724 | 2,724 | D |
| STOCK APPRECIATION RIGHTSF8,F9,F10 | — | Jul 11, 2018 | M | 1,362 | D | — | — | COMMON STOCK | 1,362 | 1,362 | D |
| STOCK APPRECIATION RIGHTSF11,F12,F13 | — | Jul 11, 2018 | M | 1,603 | D | — | — | COMMON STOCK | 1,603 | 1,603 | D |
Explanation of responses
- F1Shares forfeited for the conversion of stock appreciation rights ("SARs"), which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($25.67) over the exercise price ($54.85).
- F10The SARs granted on March 1, 2013 have an expiration date of March 1, 2020.
- F11The conversion of SARs, which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($43.92) over the exercise price ($54.85).
- F12On March 1, 2014 the reporting person was granted SARs, which vested ratably over a 3-year period beginning on March 1, 2015.
- F13The SARs granted on March 1, 2014 have an expiration date of March 1, 2021.
- F2Shares forfeited for the conversion of SARs, which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($45.36) over the exercise price ($54.85).
- F3Shares forfeited for the conversion of SARs, which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($43.92) over the exercise price ($54.85).
- F4The shares sold on the open market are the aggregate net shares received upon the exercise of the SARs reported in Table I.
- F5The conversion of stock appreciation rights ("SARs"), which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($25.67) over the exercise price ($54.85).
- F6On March 1, 2012 the reporting person was granted SARs, which vested ratably over a 3-year period beginning on March 1, 2013.
- F7The SARs granted on March 1, 2012 have an expiration date of March 1, 2019.
- F8The conversion of SARs, which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($45.36) over the exercise price ($54.85).
- F9On March 1, 2013 the reporting person was granted SARs, which vested ratably over a 3-year period beginning on March 1, 2014.
Remarks
This Form 4 was amended to correct the aggregate number of shares forfeited to pay the conversion price of the underlying SARs.