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GIBRALTAR INDUSTRIES, INC. — Director's Dealing 2019
Oct 2, 2019
31735_dirs_2019-10-02_a8c008c9-cacc-4b09-93a5-11a1833b39b2.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: 2019-09-30
Reporting Person: Heard Frank (Director, Vice Chairman of the Board)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-09-30 | Restricted Stock Unit (2018 MSPP Match) | $ | A | 441.03 | Acquired | Common Stock (441.03) | Direct | |
| 2019-09-30 | Restricted Stock Unit (2018 MSPP) | $ | A | 1102.58 | Acquired | Common Stock (1102.58) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 100518 | Direct |
| Performance Stock Unit (February 2017) | 9217 | Direct |
| Performance Stock Unit (March 2018) | 45817 | Direct |
| Performance Stock Unit (March 2019) | 39448 | Direct |
| Restricted Stock Unit (LTIP 02/01/2016) | 4773 | Direct |
| Restricted Stock Unit (LTIP 02/01/2017) | 8363 | Direct |
| Restricted Stock Unit (LTIP 12/29/2014) | 10000 | Direct |
| Restricted Stock Unit (LTIP 3/1/2018) | 31485 | Direct |
| Restricted Stock Unit (LTIP 3/1/2019) | 34517 | Direct |
| Restricted Stock Units (February 2017) | 20000 | Direct |
| Special Performance Stock Unit (February 2017) | 20000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option (December 2015) | $25.44 | 2025-12-31 | Common Stock (25000) | 25000 | Direct |
| Option (February 2017) | $43.05 | 2027-02-01 | Common Stock (20000) | 20000 | Direct |
| Restricted Stock Unit (MSPP Match Post-2012) | $ | Common Stock (96908.41) | 96908.41 | Direct | |
| Restricted Stock Unit (MSPP Post-2012) | $ | Common Stock (137877.04) | 137877.04 | Direct |
Footnotes
F1: Represents matching restricted stock units allocated to the Reporting Person with respect to the Reporting Person's deferral of a portion of his annual base salary pursuant to the Company's 2018 Management Stock Purchase Plan.
F2: Restricted stock units are forfeited if Reporting Person's service as an officer of the Company is terminated prior to the fifth (5th) anniversary of the Reporting Person's vesting commencement date. If service as an officer continues beyond the fifth (5th) anniversary of the Reporting Person's vesting commencement date, restricted stock units are payable solely in cash in one lump sum payment or in five (5) or ten (10) consecutive, substantially equal annual installments, whichever distribution form is elected by the Reporting Person, 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 an officer of the Company.
F3: Represents restricted stock units allocated to the Reporting Person with respect to the Reporting Person's deferral of a portion of his annual base salary pursuant to the Company's 2018 Management Stock Purchase Plan.
F4: Restricted stock units are payable solely in cash in one lump sum payment or in five (5) or ten (10) consecutive, substantially equal annual installments, whichever distribution form is elected by the Reporting Person, 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 an officer of the Company.
F5: Restricted stock units are forfeited if Reporting Person's service as an officer of the Company is terminated prior to age sixty (60). If service as an officer continues through age sixty (60), restricted stock units are payable solely in cash in one lump sum payment or in five (5) or ten (10) consecutive substantially equal annual installments, whichever distribution form is elected by the Reporting Person, 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 the Reporting Person's employment is terminated.
F6: Restricted stock units are payable solely in cash in one lump sum payment or in five (5) or ten (10) consecutive, substantially equal annual installments, whichever distribution form is elected by the Reporting Person, beginning six (6) months following termination of service as an officer of the Company. 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 an officer of the Company.