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AZZ INC — Director's Dealing 2018
May 2, 2018
31310_dirs_2018-05-01_78220ed5-a767-4dcc-8ec0-979a5abe034a.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: Byelick James Drew (VP & Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-04-27 | COMMON STOCK | M | 232 | — | Acquired | 1406 | Direct |
| 2018-04-27 | COMMON STOCK | M | 221 | — | Acquired | 1627 | Direct |
| 2018-04-27 | COMMON STOCK | M | 85 | — | Acquired | 1712 | Direct |
| 2018-04-27 | COMMON STOCK | M | 5 | — | Acquired | 1717 | Direct |
| 2018-04-27 | COMMON STOCK | M | 2 | — | Acquired | 1719 | Direct |
| 2018-04-27 | COMMON STOCK | F | 159 | $45.75 | Disposed | 1560 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-04-27 | Restricted Stock Units | $ | M | 232 | Disposed | COMMON STOCK (232.0) | Direct | |
| 2018-04-27 | Restricted Stock Units | $ | M | 221 | Disposed | COMMON STOCK (221.0) | Direct | |
| 2018-04-27 | Restricted Stock Units | $ | M | 85 | Disposed | COMMON STOCK (85.0) | Direct |
Footnotes
F1: Represents the vesting of dividend equivalent rights accrued on 232 restricted stock units ("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.
F2: Represents the vesting of dividend equivalent rights accrued on 221 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.
F3: The reporting person disposed of 159 shares of common stock to satisfy tax withholding obligations.
F4: Each RSU represents a contingent right to receive one share of AZZ common stock.
F5: The RSUs granted on 4/27/2016, vest ratably over a 3-year period beginning on 4/27/2017.
F6: Once vested, the shares of common stock are not subject to expiration.
F7: The RSUs granted on 4/27/2017, vest ratably over a 3-year period beginning on 4/27/2018.
F8: The RSUs granted on 7/11/2017, vest over a 3-year period with 1/3rd of the RSUs vesting on 4/27/2018, 4/27/2019 and 4/27/2020.