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TREX CO INC — Director's Dealing 2013
Oct 29, 2013
30867_dirs_2013-10-29_bc3cd82d-b6f8-41b0-9c01-5ea582135614.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TREX CO INC (TREX)
CIK: 0001069878
Period of Report: 2013-10-25
Reporting Person: KAPLAN RONALD W (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-10-25 | Common Stock | M | 44950 | $13.44 | Acquired | 141176 | Direct |
| 2013-10-25 | Common Stock | M | 20000 | $17.41 | Acquired | 161176 | Direct |
| 2013-10-25 | Common Stock | D | 14189 | $67.12 | Disposed | 146987 | Direct |
| 2013-10-25 | Common Stock | F | 24214 | $67.12 | Disposed | 122773 | Direct |
| 2013-10-25 | Common Stock | S | 17442 | $59.95 | Disposed | 105331 | Direct |
| 2013-10-28 | Common Stock | S | 26547 | $67.8161 | Disposed | 78784 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-10-25 | Stock Appreciation Right | $13.44 | M | 44950 | Disposed | 2019-02-18 | Common Stock (44950) | Direct |
| 2013-10-25 | Stock Appreciation Right | $17.41 | M | 20000 | Disposed | 2020-02-17 | Common Stock (20000) | Direct |
Footnotes
F1: 44,950 Stock Appreciation Rights (SARs) are being exercised pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 7, 2013.
F2: 20,000 Stock Appreciation Rights (SARs) are being exercised pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 7, 2013.
F3: 24,214 shares are being surrendered as allowed by the Company's 2005 Stock Incentive Plan to cover the payment of taxes currently due on the exercise of SARs.
F4: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 7, 2013.
F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.75 to $68.115, inclusive. The reporting person undertakes to provide Trex Company, Inc., any security holder of Trex Company, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote (5) to this Form 4.
F6: The stock appreciation right becomes exercisable in three equal installments beginning on the first anniversary of the grant date.