4//SEC Filing
USG CORP 4
Accession 0000757011-17-000013
CIK 0000757011operating
Filed
Feb 8, 7:00 PM ET
Accepted
Feb 9, 5:45 PM ET
Size
13.4 KB
Accession
0000757011-17-000013
Insider Transaction Report
Form 4
USG CORPUSG
Martin Mary A.
Vice President
Transactions
- Tax Payment
Common Stock
2017-02-08$31.49/sh−931$29,317→ 27,836 total - Award
Market Share Units
2017-02-08+3,224→ 3,224 total→ Common Stock (3,224 underlying) - Award
Common Stock
2017-02-08+5,000→ 26,211 total - Exercise/Conversion
Common Stock
2017-02-08+2,556→ 28,767 total - Exercise/Conversion
Market Share Units
2017-02-08−2,904→ 0 total→ Common Stock
Footnotes (5)
- [F1]Restricted stock units that vest on the earlier of (a) the third anniversary of the date of grant, or (b) retirement (provided that retirement is no earlier than the second anniversary of the date of the grant). Each unit represents the right to receive one share of common stock.
- [F2]These Market Share Units were granted on February 12, 2014. The Board of Directors (the "Board") certified performance of these Market Share Units on February 8, 2017 and USG Corporation (the "Company") issued to the reporting person .88 shares of the Company's common stock for 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 the first fifteen trading days in January 2017.
- [F3]Shares withheld to satisfy tax withholding obligation with respect to Market Share Units that became earned.
- [F4]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.
- [F5]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, 2019.
Documents
Issuer
USG CORP
CIK 0000757011
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000757011
Filing Metadata
- Form type
- 4
- Filed
- Feb 8, 7:00 PM ET
- Accepted
- Feb 9, 5:45 PM ET
- Size
- 13.4 KB