SMITH A O CORP 4
4 · SMITH A O CORP · Filed Feb 11, 2014
Insider Transaction Report
Form 4
RETTLER STEVE W
Senior Vice President - CD
Transactions
- Exercise/Conversion
Restricted Stock Units
2014-02-07−3,000→ 5,000 totalExercise: $46.34→ Common Stock (3,000 underlying) - Exercise/Conversion
Common Stock
2014-02-07$46.34/sh+3,000$139,035→ 29,918 total - Sale
Common Stock
2014-02-10$46.67/sh−1,352$63,094→ 28,566 total
Footnotes (2)
- [F1]3,000 Restricted Stock Units were granted on 02/07/2011, under the A. O. Smith Combined Incentive Compensation Plan, a transaction excempt under Rule 16b-3. 3,000 Restricted Stock Units vested on 02/07/2014. As of result of vesting, the Company is obligated to deliver 3,000 shares of Common Stock to the reporting person.
- [F2]The reporting person sold these shares to obtain funds to pay the withholding taxes due as a result of the vesting of the restricted stock units described in footnote (1).