SEC Form 4 · accession 0001562180-16-003460
GIBRALTAR INDUSTRIES, INC. · ROCK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy F. Murphy
Officer — VP, Treasurer and Secretary
Period of report
Nov 9, 2016
Accepted (ET)
Nov 14, 2016 · 10:03 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000912562
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 9, 2016 | A | 3,000 | $18.78 | A | 12,095 | D | |
| Common Stock | Nov 9, 2016 | A | 3,000 | $22.16 | A | 15,095 | D | |
| Common Stock | Nov 9, 2016 | D | 6,000 | $42.8292 | D | 9,095 | D | |
| Discretionary Restricted Stock Unit (February 2016) | holding | — | — | — | 3,000 | D | ||
| Executive Retirement RSU | holding | — | — | — | 17,000 | D | ||
| Restricted Stock Unit (LTIP 01/02/2013) | holding | — | — | — | 243 | D | ||
| Restricted Stock Unit (LTIP 01/02/2014) | holding | — | — | — | 508 | D | ||
| Restricted Stock Unit (LTIP 01/02/2015) | holding | — | — | — | 964 | D | ||
| Restricted Stock Unit (LTIP 02/01/2016) | holding | — | — | — | 1,165 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| September 2007 Management OptionF1,F2 | $18.78 | Nov 9, 2016 | D | 3,000 | D | — | Sep 14, 2017 | Common Stock | 3,000 | 0 | D |
| September 2008 Management OptionF3,F2 | $22.16 | Nov 9, 2016 | D | 3,000 | D | — | Sep 10, 2018 | Common Stock | 3,000 | 0 | D |
| Performance Units (2016)F4 | — | holding | — | — | — | — | — | Common Stock | 5,928 | 5,928 | D |
| Performance Units 2015F5 | — | holding | — | — | — | — | — | Common Stock | 16,600 | 16,600 | D |
| Restricted Stock Unit (MSPP Match Post-2012)F6 | — | holding | — | — | — | — | — | Common Stock | 7,208 | 7,208 | D |
| Restricted Stock Unit (MSPP Match)F7 | — | holding | — | — | — | — | — | Common Stock | 3,209 | 3,209 | D |
| Restricted Stock Unit (MSPP Post-2012)F8 | — | holding | — | — | — | — | — | Common Stock | 11,280 | 11,280 | D |
| Restricted Stock Unit (MSPP)F9 | — | holding | — | — | — | — | — | Common Stock | 8,057 | 8,057 | D |
Explanation of responses
- F1Disposed of pursuant to the Reporting Person's exercise of his September 2007 Management Option.
- F2Twenty-five percent (25%) of the total number of options granted vest and become exercisable on each anniversary grant date.
- F3Disposed of pursuant to the Reporting Person's exercise of his September 2008 Management Option.
- F4Performance Units vest and are paid at the end of the three (3) consecutive calendar year periods ending December 31, 2018 or, if earlier, upon death, disability or retirement. Performance Units are forfeited if employment is terminated before December 31, 2018 for reasons other than death, disability or retirement or by the Company without cause. Performance Units are payable solely in cash in an amount equal to the ninety (90) day trailing average price of one (1) share of the Company 's common stock determined as of December 31, 2018, or if applicable, as of the Reporting Person's death, disability or retirement.
- F5Performance Units vest and are paid at the end of three (3) consecutive calendar year periods ending December 31, 2017 or, if earlier, upon death, disability or retirement. Performance Units are forfeited if employment is terminated before December 31, 2017 for reasons other than death, disability or retirement or by the Company without cause. Performance Units are payable solely in cash in an amount equal to the ninety (90) day trailing average price of one (1) share of the Company 's common stock determined as of December 31, 2017, or if applicable, death, disability or retirement.
- F6Restricted stock units are forfeited if Reporting Person's service as an officer of the Company is terminated prior to age sixty (60). If service as an officer continues through age sixty (60), restricted stock units are payable solely in cash in one lump sum payment or in five (5) or ten (10) consecutive, substantially equal annual installments, whichever distribution form is elected by the Reporting Person, beginning six (6) months following termination of service. Each restricted stock unit is converted to cash in an amount equal to the fair market value (200 day rolling average) of one share of the Company's common stock on the date of termination of the Reporting Person's service as an officer of the Company.
- F7Restricted stock units are forfeited if employment is terminated prior to age sixty (60). If employment continues through age sixty (60), restricted stock units are payable solely in cash in five (5) consecutive substantially equal annual installments beginning six (6) months following termination of employment. Each restricted stock unit is converted to cash in an amount equal to the fair market value (200 day rolling average) of one share of the Company's common stock on the date the Reporting Person's employment is terminated.
- F8Restricted stock units are payable solely in cash in one lump sum payment or in five (5) or ten (10) consecutive, substantially equal annual installments, whichever distribution form is elected by the Reporting Person, beginning six (6) months following termination of service as an officer of the Company. Each restricted stock unit is converted to cash in an amount equal to the fair market value (200 day rolling average) of one share of the Company's common stock on the date of termination of the Reporting Person's service as an officer of the Company.
- F9Restricted stock units are payable solely in cash in five (5) consecutive, substantially equal annual installments beginning six (6) months following termination of employment. Each restricted stock unit is converted to cash in an amount equal to the fair market value (200 day rolling average) of one share of the Company's common stock on the date the Reporting Person's employment is terminated.