SEC Form 4 · accession 0001209191-17-032106
EAGLE MATERIALS INC · EXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James H Graass
Officer — EVP & General Counsel
Period of report
May 10, 2017
Accepted (ET)
May 12, 2017 · 5:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000918646
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 10, 2017 | A | 2,735 | $0.00 | A | 60,973 | D | |
| Common Stock | holding | — | — | — | 989 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 543 | I | By Reporting Person's IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F2,F3 | $75.69 | May 10, 2017 | A | 8,492 | A | — | May 20, 2026 | Common Stock | 8,492 | 8,492 | D |
Explanation of responses
- F1On May 20, 2016, the reporting person was granted 2,775 shares of restricted stock, subject to the achievement by the Company of performance vesting criteria based on the Company's average return on equity measured at the end of fiscal 2017. On May 10, 2017 the performance vesting criteria was determined to have been met such that 2,735 shares of restricted stock became earned and reportable on such date. The remaining shares of restricted stock have been forfeited. The restrictions on the shares will lapse ratably on May 15, 2017 and March 31 of 2018, 2019 and 2020.
- F2In accordance with the issuer's Amended and Restated Incentive Plan, this price represents the closing price per share of Common Stock on the grant date.
- F3On May 20, 2016, the reporting person was granted an option to purchase up 8,615 shares of Common Stock, subject to the achievement by the Company of performance vesting criteria based on the Company's average return on equity measured at the end of fiscal 2017. On May 10, 2017 the performance vesting criteria was determined to have been met such that 8,492 options became earned and reportable on such date. The remaining options have been forfeited. The earned options become vested and exercisable ratable on May 10, 2017 and March 31 of 2018, 2019 and 2020.