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GIBRALTAR INDUSTRIES, INC. — Director's Dealing 2013
May 28, 2013
31735_dirs_2013-05-28_24950f3f-6268-49b6-adde-1b5e24337261.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GIBRALTAR INDUSTRIES, INC. (ROCK)
CIK: 0000912562
Period of Report: 2013-05-07
Reporting Person: MONTAGUE WILLIAM P (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-05-07 | Common Stock | J | 1000.0000 | $0.0000 | Acquired | 25682.0000 | Direct |
| 2013-05-07 | Common Stock (Restricted) | J | 1000.0000 | $0.0000 | Disposed | 7053.0000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Unit (MSPP Match) | $ | Common Stock (7431.6100) | 7431.6100 | Direct | |
| Restricted Stock Unit (MSPP) | $ | Common Stock (14873.7400) | 14873.7400 | Direct |
Footnotes
F1: Reported to reflect conversion of 1,000 shares of restricted stock to unrestricted common stock in connection with the vesting of such shares of restricted stock awarded to the Reporting Person on May 7, 2010.
F2: Restrictions on 2,000 shares of restricted stock lapse on the earliest to occur of (i) 6 months following the date the Reporting Person on longer serves on the Board of Directors; (ii) the date of the Reporting Person's death; (iii) the date the Reporting Person suffers from a disability; and/or (iv) the date a change in control of the Company occurs. Restrictions on the remaining 5,053 shares of restricted stock lapse on the earliest to occur of (a) any of the foregoing (i) through (iv) above; and/or (b) 3 years following the grant date, of which 1,000 were granted on May 6, 2011, 1,000 were granted on May 3, 2012 and 1,000 were granted on May 2, 2013.
F3: Represents matching restricted stock units allocated to the Reporting Person pursuant to the Company's Management Stock Purchase Plan equal in number to restricted stock units allocated to reflect the Reporting Person's deferral of a portion of his annual director retainer fee.
F4: Restricted stock units are forfeited if Reporting Person's service as a member of the Company's Board of Directors is terminated prior to age sixty (60). If service as a member of the Company's Board of Directors continues through age sixty (60), restricted stock units are payable solely in cash in five (5) consecutive, substantially equal annual installments beginning six (6) months following termination of service. Each restricted stock unit is converted to cash in an amount equal to the fair market value (200 day rolling average) of one share of the Company's common stock on the date of termination of the Reporting Person's service as a director of the Company.
F5: Represents restricted stock units allocated to Reporting Person pursuant to the Company's Management Stock Purchase Plan reflecting deferred annual director fees.
F6: Restricted stock units are payable solely in cash in five (5) consecutive, substantially equal annual installments beginning six (6) months following termination of service as a member of the Company's Board of Directors. Each restricted stock unit is converted to cash in an amount equal to the fair market value (200 day rolling average) of one share of the Company's common stock on the date of termination of the Reporting Person's service as a director of the Company.