4//SEC Filing
Salah Gregory D. 4
Accession 0000757011-18-000114
CIK 0000757011other
Filed
Dec 26, 7:00 PM ET
Accepted
Dec 27, 11:45 AM ET
Size
14.2 KB
Accession
0000757011-18-000114
Insider Transaction Report
Form 4
USG CORPUSG
Salah Gregory D.
Vice President
Transactions
- Award
Common Stock
2018-12-26+13,580→ 51,118 total - Tax Payment
Common Stock
2018-12-26$42.85/sh−6,424$275,268→ 44,694 total - Exercise/Conversion
Market Share Units
2018-12-26−18,503→ 2,056 total→ Common Stock - Exercise/Conversion
Common Stock
2018-12-26+27,755→ 72,449 total - Tax Payment
Common Stock
2018-12-26$42.85/sh−13,129$562,578→ 59,320 total
Holdings
- 3,000(indirect: See Footnote)
Common Stock
Footnotes (6)
- [F1]As previously disclosed, on November 8, 2018, the Board of Directors (the "Board") of USG Corporation (the "Company") approved the acceleration of the vesting of 90% of the Market Share Units and Performance Shares granted to the reporting person in 2016, as determined based on achievement of specified performance metrics, that were otherwise scheduled to vest between January 1, 2019 and March 30, 2019. The Board approved the accelerated vesting of such grants in order to mitigate the potential impact of Section 280G of the Internal Revenue Code of 1986, as amended, on the Company and the reporting person in connection with the pending merger of an indirect wholly-owned subsidiary of Gebr. Knauf KG with and into the Company.
- [F2]These Performance Shares were granted on February 10, 2016. As authorized by the Board, the Chairman of the Compensation and Organization Committee of the Board certified performance of these Performance Shares on December 26, 2018.
- [F3]Shares withheld to satisfy tax withholding obligation with respect to Performance Shares that became earned.
- [F4]These Market Share Units were granted on February 10, 2016. As authorized by the Board, the Chairman of the Compensation and Organization Committee of the Board certified performance of these Market Share Units on December 26, 2018 and the Company issued to the reporting person 1.5 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 fifteen trading days immediately preceding December 3, 2018.
- [F5]Shares withheld to satisfy tax withholding obligation with respect to Market Share Units that became earned.
- [F6]Shares are held by the Sloan D. Salah Trust, of which the reporting person's spouse is trustee.
Documents
Issuer
USG CORP
CIK 0000757011
Entity typeother
Related Parties
1- filerCIK 0001649586
Filing Metadata
- Form type
- 4
- Filed
- Dec 26, 7:00 PM ET
- Accepted
- Dec 27, 11:45 AM ET
- Size
- 14.2 KB