SEC Form 4 · accession 0001562180-19-001116
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
Feb 17, 2019
Accepted (ET)
Feb 20, 2019 · 4:18 pm 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 StockF1 | Feb 17, 2019 | A | 1,200 | $0.00 | A | 4,406 | D | |
| Common StockF2 | Feb 17, 2019 | F | 472 | $38.53 | D | 3,934 | D | |
| Discretionary RSU (Feb 2016)F3,F4 | Feb 17, 2019 | D | 1,200 | $0.00 | D | 0 | D | |
| Common Stock (401k) | holding | — | — | — | 334 | I | 401k | |
| Discretionary RSU (May 2017) | holding | — | — | — | 2,000 | D | ||
| Performance Stock Units (April 2017) | holding | — | — | — | 627 | D | ||
| Performance Stock Units (March 2018) | holding | — | — | — | 3,778 | D | ||
| Restricted Stock Units (LTIP 3/1/2018) | holding | — | — | — | 630 | D | ||
| RSU (LTIP 4/3/2017) | holding | — | — | — | 380 | D | ||
| RSU (LTIP 9/4/2015) | holding | — | — | — | 309 | D | ||
| RSU (LTIP 9/6/2016) | holding | — | — | — | 284 | 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 2009)F5 | $13.72 | holding | — | — | — | — | Sep 14, 2019 | Common Stock | 2,000 | 2,000 | D |
| Option (September 2010)F5 | $8.90 | holding | — | — | — | — | Sep 13, 2020 | Common Stock | 2,000 | 2,000 | D |
| Option (September 2011)F5 | $9.74 | holding | — | — | — | — | Sep 13, 2021 | Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1Represents the conversion of discretionary restricted stock units into common stock upon vesting.
- F2Represents common stock retained by the Company upon conversion of Reporting Person's discretionary restricted stock units into shares of common stock in satisfaction of the Reporting Person's individual minimum statutory withholding obligation.
- F3Represents Discretionary Restricted Stock Units issued to Reporting Person. Discretionary Restricted Stock Units vest and are payable, solely in shares of common stock of the Company, at the end of three (3) consecutive calendar year periods beginning on February 17, 2016 ending on February 16, 2019 or, if earlier, upon death or disability. Restricted Stock Units are forfeited if employment is terminated before February 16, 2019 for reasons other than death or disability.
- F4Represents conversion of discretionary restricted stock units awarded to Reporting Person. One Hundred percent (100%) of the total units awarded vest and are payable, solely in shares of common stock of the Company on the third anniversary of the February 17, 2016 award date.
- F5Twenty-five percent (25%) of the total number of options granted vest and become exercisable on each anniversary grant date.