SEC Form 4 · accession 0000008947-18-000167
AZZ INC · AZZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevern R Joyce
Director
Period of report
Nov 8, 2018
Accepted (ET)
Nov 9, 2018 · 4:26 pm EST
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 | Nov 8, 2018 | M | 908 | $25.67 | A | 62,204 | D | |
| COMMON STOCK | Nov 8, 2018 | F | 490 | $47.59 | D | 61,714 | D | |
| COMMON STOCK | Nov 8, 2018 | S | 418 | $47.70 | D | 61,296 | 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 RIGHTSF3,F4,F5 | — | Nov 8, 2018 | M | 908 | D | — | — | COMMON STOCK | 908 | 2,724 | 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 ($47.59).
- F2The shares sold on the open market are the aggregate net shares received upon the exercise of the SARs reported in Table 1.
- F3The 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 ($25.67) over the exercise price ($47.59).
- F4On March 1, 2012 the reporting person was granted SARs, which vested ratably over a 3-year period beginning on March 1, 2013.
- F5The SARs granted on March 1, 2012 have an expiration date of March 1, 2019.