LEGGETT & PLATT INC — Director's Dealing 2020

Feb 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEGGETT & PLATT INC (LEG)
CIK: 0000058492
Period of Report: 2020-02-18

Reporting Person: GLASSMAN KARL G (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-18	Common Stock	A	40788	—	Acquired	548018.9031	Direct
2020-02-18	Common Stock	A	34496	—	Acquired	582514.9031	Direct
2020-02-18	Common Stock	F	15436	$45.06	Disposed	567078.9031	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-18	Employee Stock Options (Right to Buy)	$36.33	A	55051	Acquired	2028-12-17	Common Stock (55051)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	22363.792	Indirect

Footnotes

F1: Represents restricted stock units (settled solely in common stock on a one-to-one basis), which vest in one-third increments on the first, second and third anniversaries of the grant date.

F2: Shares acquired pursuant to the 2018-2019 Interim Performance Stock Unit Award on February 18, 2020 when the level of achievement of the performance was determined.

F3: Reflects a contingent option grant, pursuant to the Issuer's Deferred Compensation Program, exempt under Rule 16b-3. The option grant is based on the Reporting Person's election to defer a portion of his Key Officers Incentive Plan 2019 cash award which is earned only upon the achievement of the Company ROCE and Cash Flow targets, and certain performance goals. The rights and obligations of the parties were not fixed and the number of option shares to be granted, if any, were not known until 2/18/2020 when the Issuer's Compensation Committee determined that requirements for the cash award had been met, and therefore, the conditions for the option grant had been satisfied.