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ARMSTRONG WORLD INDUSTRIES INC — Director's Dealing 2012
Apr 12, 2012
30712_dirs_2012-04-12_585bbe72-a75a-4bb5-bb55-657076276ac2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ARMSTRONG WORLD INDUSTRIES INC (AWI)
CIK: 0000007431
Period of Report: 2012-04-10
Reporting Person: ESPE MATTHEW J (Director, President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-04-10 | Stock Options | $28.83 | D | 98283 | Disposed | 2020-08-10 | Common Stock (98283) | Direct |
| 2012-04-10 | Stock Options | $24.73 | A | 114611 | Acquired | 2020-08-10 | Common Stock (114611) | Direct |
| 2012-04-10 | Stock Options | $28.83 | D | 98284 | Disposed | 2020-08-10 | Common Stock (98284) | Direct |
| 2012-04-10 | Stock Options | $24.73 | A | 114612 | Acquired | 2020-08-10 | Common Stock (114612) | Direct |
| 2012-04-10 | Stock Options | $28.83 | D | 98284 | Disposed | 2020-08-10 | Common Stock (98284) | Direct |
| 2012-04-10 | Stock Options | $24.73 | A | 114612 | Acquired | 2020-08-10 | Common Stock (114612) | Direct |
| 2012-04-10 | Stock Options | $41.47 | D | 34702 | Disposed | 2021-03-02 | Common Stock (34702) | Direct |
| 2012-04-10 | Stock Options | $35.57 | A | 40466 | Acquired | 2021-03-02 | Common Stock (40466) | Direct |
| 2012-04-10 | Stock Options | $41.47 | D | 34702 | Disposed | 2021-03-02 | Common Stock (34702) | Direct |
| 2012-04-10 | Stock Options | $35.57 | A | 40466 | Acquired | 2021-03-02 | Common Stock (40466) | Direct |
| 2012-04-10 | Stock Options | $41.47 | D | 34703 | Disposed | 2021-03-02 | Common Stock (34703) | Direct |
| 2012-04-10 | Stock Options | $35.57 | A | 40467 | Acquired | 2021-03-02 | Common Stock (40467) | Direct |
| 2012-04-10 | Stock Options | $50.38 | D | 29056 | Disposed | 2022-02-28 | Common Stock (29056) | Direct |
| 2012-04-10 | Stock Options | $43.21 | A | 33882 | Acquired | 2022-02-28 | Common Stock (33882) | Direct |
| 2012-04-10 | Stock Options | $50.38 | D | 29056 | Disposed | 2022-02-28 | Common Stock (29056) | Direct |
| 2012-04-10 | Stock Options | $43.21 | A | 33882 | Acquired | 2022-02-28 | Common Stock (33882) | Direct |
| 2012-04-10 | Stock Options | $50.38 | D | 29056 | Disposed | 2022-02-28 | Common Stock (29056) | Direct |
| 2012-04-10 | Stock Options | $43.21 | A | 33883 | Acquired | 2022-02-28 | Common Stock (33883) | Direct |
| 2012-04-10 | Performance Based Restricted Stock Units | $ | D | 19979 | Disposed | Common Stock (19979) | Direct | |
| 2012-04-10 | Performance Based Restricted Stock Units | $ | A | 19979 | Acquired | Common Stock (19979) | Direct |
Footnotes
F1: The reported transactions relate to an adjustment of outstanding stock options and exercise prices in connection with the Registrant's payment of a special cash dividend to shareholders on April 10, 2012, resulting in the deemed cancellation of the original options and the grant of replacement options. An adjustment is required under the terms of the underlying equity incentive plan.
F2: The performance based restricted stock units (PRSUs) granted to the Reporting Person have been amended to adjust the stock price target due to the Registrant's payment of a special cash dividend to shareholders on April 10, 2012, resulting in a deemed cancellation of the original PRSUs and the grant of replacement PRSUs. The PRSUs shall vest on December 31, 2013 if the Company's closing stock price is at or above $49.56 for 15 trading days in a 20 day consecutive trading day period ("Target") at any time prior to December 31, 2013. If the PRSUs do not vest on December 31, 2013, the PRSUs will vest when the Target has been achieved so long as the achievement date is not later than December 31, 2014. The PRSUs shall be forfeited if the Target is not achieved by December 31, 2014