Primoris Services Corp — Director's Dealing 2019

Apr 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Primoris Services Corp (PRIM)
CIK: 0001361538
Period of Report: 2016-04-05

Reporting Person: McCormick Thomas Edward (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-08	Common Stock	A	7168	$15.81	Acquired	16213	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-04-05	Restricted Stock Units	$	A	92321	Acquired		Common Stock (92321)	Direct
2017-06-30	Restricted Stock Units	$	A	51	Acquired		Common Stock (51)	Direct
2017-09-29	Restricted Stock Units	$	A	43	Acquired		Common Stock (43)	Direct
2017-12-29	Restricted Stock Units	$	A	51	Acquired		Common Stock (51)	Direct
2018-03-29	Restricted Stock Units	$	A	56	Acquired		Common Stock (56)	Direct
2018-06-29	Restricted Stock Units	$	A	102	Acquired		Common Stock (102)	Direct
2018-09-28	Restricted Stock Units	$	A	112	Acquired		Common Stock (112)	Direct
2018-12-31	Restricted Stock Units	$	A	146	Acquired		Common Stock (146)	Direct
2019-03-29	Restricted Stock Units	$	A	136	Acquired		Common Stock (136)	Direct

Footnotes

F1: Purchased PRIM Common Stock shares as part of Primoris Services Corporation's (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. Purchases were made at a 25% reduction to the average closing price during December 2018. Shares cannot be sold for 6 months.

F2: Each restricted stock unit represents a contingent right to receive one share of PRIM common stock or the cash value thereof on the date of settlement, in the Company's discretion.

F3: The restricted stock units vest in three installments: 25% on April 5, 2017, 25% on April 5, 2018, and 50% on April 5, 2019, subject to accelerated vesting upon the reporting person's termination without cause, death, disability, or a change in control of the Company. Vested restricted stock units will be settled in stock or cash on the earlier of (i) six months following the reporting person's termination of employment; (ii) the date of the reporting person's death or the date the reporting person becomes disabled; (iii) the date of a change in control of the Company; or (iv) April 5, 2019.

F4: Represents dividend equivalent units in the form of restricted stock units with respect to vested restricted stock units. Vested restricted stock units will be settled in stock or cash on the earlier of (i) six months following the reporting person's termination of employment; (ii) the date of the reporting person's death or the date the reporting person becomes disabled; (iii) the date of a change in control of the Company; or (iv) April 5, 2019.