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MASCO CORP /DE/ — Director's Dealing 2016
Mar 24, 2016
30419_dirs_2016-03-24_4fbdd775-f4b6-4f30-9b50-f7168cb3faa2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MASCO CORP /DE/ (MAS)
CIK: 0000062996
Period of Report: 2016-03-23
Reporting Person: Lindow John P (VP-Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-03-23 | Common Stock | M | 17094.0000 | $23.3407 | Acquired | 94665.0000 | Direct |
| 2016-03-23 | Common Stock | S | 2946.0000 | $31.2010 | Disposed | 91719.0000 | Direct |
| 2016-03-23 | Common Stock | F | 14148.0000 | $31.2010 | Disposed | 77571.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-03-23 | Employee Stock Option | $23.3407 | M | 17094.0000 | Disposed | 2016-07-26 | Common Stock (17094.0000) | Direct |
Footnotes
F1: In connection with the spin-off of TopBuild Corp. by Masco Corporation ("Masco") on June 30, 2015, outstanding stock options granted under the Masco 2014 Long Term Stock Incentive Plan by Masco to all plan participants, including to the reporting person, were adjusted on a value neutral basis to preserve the options' pre-spin intrinsic value.
F2: This option became exercisable in five equal annual installments commencing July 26, 2007.
F3: Grant of option under the Masco Corporation 2014 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3.