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AZZ INC — Director's Dealing 2018
May 2, 2018
31310_dirs_2018-05-01_3b44c75f-46ff-4f06-a52c-f49239283e75.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: 2018-04-27
Reporting Person: EMERY MATTHEW VARLEY (Chief Information & HR Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-04-27 | COMMON STOCK | M | 310 | — | Acquired | 4331 | Direct |
| 2018-04-27 | COMMON STOCK | M | 290 | — | Acquired | 4621 | Direct |
| 2018-04-27 | COMMON STOCK | M | 415 | — | Acquired | 5036 | Direct |
| 2018-04-27 | COMMON STOCK | M | 10 | — | Acquired | 5046 | Direct |
| 2018-04-27 | COMMON STOCK | M | 6 | — | Acquired | 5052 | Direct |
| 2018-04-27 | COMMON STOCK | M | 4 | — | Acquired | 5056 | Direct |
| 2018-04-27 | COMMON STOCK | F | 288 | $45.75 | Disposed | 4768 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-04-27 | Restricted Stock Units | $ | M | 310 | Disposed | COMMON STOCK (310.0) | Direct | |
| 2018-04-27 | Restricted Stock Units | $ | M | 290 | Disposed | COMMON STOCK (290.0) | Direct | |
| 2018-04-27 | Restricted Stock Units | $ | M | 415 | Disposed | COMMON STOCK (415.0) | Direct |
Footnotes
F1: Represents the vesting of dividend equivalent rights accrued on 310 restricted stock units ("RSUs") granted on 4/27/2015, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
F2: Represents the vesting of dividend equivalent rights accrued on 290 RSUs granted on 4/27/2016, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
F3: Represents the vesting of dividend equivalent rights accrued on 415 RSUs granted on 4/27/2017, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
F4: The reporting person disposed of 288 shares of common stock to satisfy tax withholding obligations.
F5: Each RSU represents a contingent right to receive one share of AZZ common stock.
F6: The RSUs granted on 4/27/2015, vest ratably over a 3-year period beginning on 4/27/2016.
F7: Once vested, the shares of common stock are not subject to expiration.
F8: The RSUs granted on 4/27/2016, vest ratably over a 3-year period beginning on 4/27/2017.
F9: The RSUs granted on 4/27/2017, vest ratably over a 3-year period beginning on 4/27/2018.