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WORTHINGTON ENTERPRISES, INC. — Director's Dealing 2014
Jun 27, 2014
31320_dirs_2014-06-27_2ee07fef-721d-4796-b5d6-ede52d09629a.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: WORTHINGTON INDUSTRIES INC (WOR)
CIK: 0000108516
Period of Report: 2014-06-24
Reporting Person: GILMORE GEOFFREY G (President, Worthington Steel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-06-24 | Common Shares | A | 584 | $0.00 | Acquired | 15788 | Direct |
| 2014-06-24 | Common Shares | F | 204 | $42.35 | Disposed | 15584 | Direct |
| 2014-06-24 | Common Shares | A | 4725 | $0.00 | Acquired | 20309 | Direct |
| 2014-06-24 | Common Shares | F | 1647 | $42.35 | Disposed | 18662 | Direct |
| 2014-06-24 | Common Shares | A | 25000 | $0.00 | Acquired | 43662 | Direct |
Footnotes
F1: A long-term performance share award was granted on June 1, 2011 pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan. Common Shares were to be earned based on the level of achievement of specified performance objectives over the three-year period ended May 31, 2014. On June 24, 2014, the Compensation Committee of the Company's Board of Directors met and approved the payout of the reported common shares based on the performance of the Company for the three year period ended May 31, 2014.
F2: Represents shares withheld in order to satisfy the reporting person's tax withholding obligation. Form 4 filed on 6-26-14 reported an incorrect number of shares withheld. This number reflects the accurate number of shares withheld.
F3: An award of restricted shares was granted pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan. The restricted shares will vest if (i) the common shares of Worthington Industries, Inc. attain the closing price of at least $60.00 per common share for thirty consecutive days during the five year period ending on the fifth anniversary of the grant date of the award (i.e. June 24, 2019) and (ii) the reporting person has continuously remained an employee of Worthington Industries, Inc. or one of its subsidiaries through the fifth anniversary of the grant date of the award (i.e. June 24, 2014)