AI assistant
LCI INDUSTRIES — Director's Dealing 2014
Nov 21, 2014
31583_dirs_2014-11-21_5a32788d-4ea3-4c2c-886c-2283a872cdf4.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DREW INDUSTRIES INC (DW)
CIK: 0000763744
Period of Report: 2014-11-19
Reporting Person: LIPPERT JASON (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-11-19 | Common Stock | M | 2800 | $19.17 | Acquired | 82967 | Direct |
| 2014-11-19 | Common Stock | M | 3200 | $15.49 | Acquired | 86167 | Direct |
| 2014-11-19 | Common Stock | S | 6000 | $47.04 | Disposed | 80167 | Direct |
| 2014-11-20 | Common Stock | M | 2399 | — | Acquired | 82566 | Direct |
| 2014-11-20 | Common Stock | F | 1130 | $46.95 | Disposed | 81436 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-11-19 | Employee Stock Options | $15.49 | M | 3200 | Disposed | 2015-11-18 | Common Stock (3200.0) | Direct |
| 2014-11-19 | Employee Stock Options | $19.17 | M | 2800 | Disposed | 2017-11-15 | Common Stock (2800.0) | Direct |
| 2014-11-19 | Deferred Stock Units | $0.0 | A | 5600 | Acquired | 2019-11-20 | Common Stock (5600.0) | Direct |
| 2014-11-20 | Deferred Stock Units | $0.0 | A | 5600 | Acquired | 2019-12-31 | Common Stock (5600.0) | Direct |
| 2014-11-20 | Deferred Stock Units | $0.0 | M | 2398.70 | Disposed | 2014-11-20 | Common Stock (2399.0) | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $47.00 to $47.13; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.
F2: Employee Stock Options become exercisable at the rate of 20% per year for 5 years.
F3: Each Deferred Stock Unit represents a contingent right to receive one share of DW common stock.
F4: These Deferred Stock Units vest at the rate of 20% per year for 5 years.
F5: These performance-based Deferred Stock Units will vest at the rate of two (2) percent for each $0.01 that the Company's earnings per diluted share in any year in the period 2015 - 2019 exceeds the greater of $2.60 or the highest earnings per diluted share for any prior year in the vesting period.