SEC Form 4 · accession 0001562180-17-001478
GIBRALTAR INDUSTRIES, INC. · ROCK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey J. Watorek
Officer — VP, Treasurer, Secretary
Period of report
Apr 3, 2017
Accepted (ET)
Apr 5, 2017 · 6:09 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| Performance Stock Units (April 2017)F1 | Apr 3, 2017 | A | 2,023 | $0.00 | A | 2,023 | D | |
| RSU (LTIP 4/3/2017)F2 | Apr 3, 2017 | A | 506 | $0.00 | A | 506 | D | |
| Common Stock | holding | — | — | — | 1,940 | D | ||
| Common Stock (401k) | holding | — | — | — | 359 | I | 401k | |
| Discretionary RSU (Feb 2016) | holding | — | — | — | 1,200 | D | ||
| RSU (LTIP 9/3/2013) | holding | — | — | — | 336 | D | ||
| RSU (LTIP 9/4/2014) | holding | — | — | — | 598 | D | ||
| RSU (LTIP 9/4/2015) | holding | — | — | — | 927 | D | ||
| RSU (LTIP 9/6/2016) | holding | — | — | — | 568 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (September 2008)F3 | $22.16 | holding | — | — | — | — | Sep 9, 2018 | Common Stock | 1,000 | 1,000 | D |
| Option (September 2009)F3 | $13.72 | holding | — | — | — | — | Sep 14, 2019 | Common Stock | 2,000 | 2,000 | D |
| Option (September 2010)F3 | $8.90 | holding | — | — | — | — | Sep 13, 2020 | Common Stock | 2,000 | 2,000 | D |
| Option (September 2011)F3 | $9.74 | holding | — | — | — | — | Sep 13, 2021 | Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1Represents Performance Units which will be awarded to the Reporting Person under the Company 's Equity Incentive Plan upon achievement of the targeted return on invested capital for 2017. The maximum number of Performance Units which may be earned is two hundred percent (200%) of the Performance Units awarded for target level performance and the minimum number of Performance Units which may be earned is zero (0) Performance Units.
- F2Represents restricted stock units awarded as part of the Company 's Long Term Incentive Plan. Twenty-five percent (25%) of the total units awarded vest and are payable, solely in shares of common stock of the Company, on April 3, 2018 and on each April 3rd thereafter through April 3, 2021.
- F3Twenty-five percent (25%) of the total number of options granted vest and become exercisable on each anniversary grant date.