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Primoris Services Corp — Director's Dealing 2011
Mar 18, 2011
30796_dirs_2011-03-18_a12ac7f5-b03c-46e6-9c1c-ff2145cd7259.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Primoris Services Corp (PRIM)
CIK: 0001361538
Period of Report: 2011-03-10
Reporting Person: Summers Scott E. (See remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-03-10 | Common Stock | P | 7342 | $6.81 | Acquired | 7342 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1462367 | Indirect |
| Common Stock | 17805 | Indirect |
Footnotes
F1: Purchased Common Stock shares as part of the Company's Long-Term Retention Plan. The Plan provides certain management employees the opportunity to purchase Company stock with a defined portion of their annual incentive compensation at a discount to the market price. For 2011, purchases were made at a 25% reduction to the average closing price during January 2011. Shares cannot be sold prior to October 25, 2011.
F2: These shares are owned directly by the Summers Family Trust and indirectly by Scott E. Summers, as trustee of the trust.
F3: 5,935 shares each of Common Stock are held by Scott Summer's children's trusts: 1)Patrick Summers, Trustee of the Christen Leigh Summers Trust 12/17/09; 2)Patrick Summers, Trustee of the Briana Lynn Summers Trust 12/17/09; 3) Patrick Summers, Trustee of the Danielle June Summers Trust 12/22/09. Patrick Summers is the brother of Scott E. Summers.