SEC Form 4 · accession 0000091142-17-000022
SMITH A O CORP · AOS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul W Jones
Director
Period of report
Feb 10, 2017
Accepted (ET)
Feb 13, 2017 · 5:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000091142
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 10, 2017 | M | 43,000 | $49.86 | A | 377,956 | D | |
| Common Stock | Feb 10, 2017 | F | 18,355 | $49.86 | D | 359,601 | D | |
| Common Stock | Feb 10, 2017 | M | 120,900 | $23.235 | A | 480,501 | D | |
| Common Stock | Feb 10, 2017 | S | 120,900 | $49.8111 | D | 359,601 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | $49.86 | Feb 10, 2017 | M | 43,000 | D | — | — | Common Stock | 43,000 | 0 | D |
| Employee Stock Options (Rigy to Buy)F5,F4 | $23.235 | Feb 10, 2017 | M | 120,900 | D | — | Feb 10, 2024 | Common Stock | 120,900 | 0 | D |
Explanation of responses
- F143,000 Restricted Stock Units were granted on 02/10/2014, under the A. O. Smith Combined Incentive Compensation Plan, a transaction exempt under Rule 16b-3. 43,000 Restricted Stock Units vested on 02/10/2017. As a result of vesting, the Company is obligated to deliver 43,000 shares of Common Stock to the reporting person.
- F2On October 5, 2016, the common stock of A. O. Smith Corporation split 2-for1, resulting in the reporting person's ownership of 189,723 additional shares of Common Stock.
- F3On October 5, 2016, the common stock of A. O. Smith Corporation split 2-for1, resulting in the reporting person's ownership of 21,500 additional Restricted Stock Units.
- F4The employee stock options were granted on 02/10/2014, under the A. O. Smith Combined Incentive Compensation Plan, a transaction exempt under rule 16b-3. The options became exercisable in three annual installments of 1/3 of the award starting on 02/10/2015.
- F5On October 5, 2016, the common stock of A. O. Smith Corporation split 2-for1, resulting in the reporting person's ownership of 60,450 additional Employee Stock Options.