SMITH A O CORP 4
4 · SMITH A O CORP · Filed Dec 21, 2015
Insider Transaction Report
Form 4
Vallett William L Jr
CEO, Lochinvar, LLC
Transactions
- Exercise/Conversion
Restricted Stock Units
2015-12-18−1,700→ 2,975 totalExercise: $76.88→ Common Stock (1,700 underlying) - Exercise/Conversion
Common Stock
2015-02-18$76.88/sh+1,700$130,696→ 25,700 total - Sale
Common Stock
2015-12-21$77.29/sh−464$35,864→ 25,236 total
Footnotes (2)
- [F1]1,700 Restricted Stock Units were granted on 12/18/2013, under the A. O. Smith Combined Incentive Compensation Plan, a transaction exempt under Rule 16b-3. 1,700 Restricted Stock Units vested on 12/18/2015. As of result of vesting, the Company is obligated to deliver 1,7000 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).