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AZZ INC — Director's Dealing 2018
Aug 9, 2018
31310_dirs_2018-08-09_9435417b-89c7-4e87-84d1-dc9a37826c2d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AZZ INC (AZZ)
CIK: 0000008947
Period of Report: 2018-08-08
Reporting Person: EMERY MATTHEW VARLEY (Chief Information & HR Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-08-08 | COMMON STOCK | M | 2648 | $43.92 | Acquired | 7523 | Direct |
| 2018-08-08 | COMMON STOCK | M | 2145 | $45.36 | Acquired | 9668 | Direct |
| 2018-08-08 | COMMON STOCK | F | 2150 | $54.10 | Disposed | 7518 | Direct |
| 2018-08-08 | COMMON STOCK | F | 1799 | $54.10 | Disposed | 5719 | Direct |
| 2018-08-08 | COMMON STOCK | S | 844 | $54.05 | Disposed | 4875 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-08-08 | STOCK APPRECIATION RIGHTS | $ | M | 2648 | Disposed | COMMON STOCK (2648.0) | Direct | |
| 2018-08-08 | STOCK APPRECIATION RIGHTS | $ | M | 2145 | Disposed | COMMON STOCK (2145.0) | Direct |
Footnotes
F1: Shares forfeited for the conversion of stock appreciation rights ("SARs"), which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($43.92) over the exercise price ($54.10).
F2: Shares forfeited for the conversion of SARs, which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($45.36) over the exercise price ($54.10).
F3: The conversion of stock appreciation rights ("SARs"), which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($43.92) over the exercise price ($54.10).
F4: On March 1, 2014 the reporting person was granted SARs, which vested ratably over a 3-year period beginning on March 1, 2015.
F5: The SARs granted on March 1, 2014 have an expiration date of March 1, 2021.
F6: The conversion of SARs, which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($45.36) over the exercise price ($54.10).
F7: On March 1, 2013 the reporting person was granted SARs, which vested ratably over a 3-year period beginning on March 1, 2014.
F8: The SARs granted on March 1, 2013 have an expiration date of March 1, 2020.