USG CORP 4
4 · USG CORP · Filed Feb 12, 2016
Insider Transaction Report
Form 4
USG CORP[USG]
Martin Mary A.
Vice President
Transactions
- Exercise/Conversion
Common Stock
2016-02-10+1,276→ 26,174 total - Tax Payment
Common Stock
2016-02-10$19.02/sh−465$8,844→ 25,709 total - Exercise/Conversion
Market Share Units
2016-02-10−1,657→ 0 total→ Common Stock - Award
Market Share Units
2016-02-10+6,168→ 6,168 total→ Common Stock (6,168 underlying)
Footnotes (4)
- [F1]These Market Share Units were granted on February 13, 2013. The Board of Directors (the "Board") certified performance of these Market Share Units on February 10, 2016 and USG Corporation (the "Company") issued to the reporting person .77 shares of the Company's common stock for half of the Market Share Units originally granted, based on the closing prices of shares of the Company's common stock on the New York Stock Exchange for each trading day in December 2015.
- [F2]Shares withheld to satisfy tax withholding obligation with respect to Market Share Units that became earned.
- [F3]Each Market Share Unit represents the right to receive one share of common stock assuming certain market price targets are achieved. The Market Share Units vesting and the actual number of shares received are contingent on the Company's common stock achieving certain pre-defined market price levels during the performance period and continued employment.
- [F4]Generally, the Market Share Units will be earned, if at all, once the Board certifies that pre-determined market price targets of the Company's common stock are attained, provided that the reporting person remains continuously employed by the Company or a subsidiary through December 31, 2018.