Ross Ronald R 4/A
4/A · GMS Inc. · Filed Aug 10, 2018
Insider Transaction Report
Form 4/AAmended
GMS Inc.GMS
Ross Ronald R
Director
Transactions
- Award
Restricted Stock Units
2018-08-01+4,101→ 4,101 total→ Common Stock (4,101 underlying) - Award
Stock Option (Right to Buy)
2018-08-01+0→ 0 total→ Common Stock
Footnotes (4)
- [F1]On August 3, 2018, the reporting person timely filed a Form 4 to reflect the grant of stock awards pursuant to the issuer's director compensation program (the "Original Form 4"). While the Original Form 4 timely reported the aggregate value of the stock award, the Original Form 4 inadvertently reported such stock award as having been granted 50% in the form of restricted stock units and 50% in the form of stock options, when, in fact, the stock award was granted 100% in the form of restricted stock units. This amendment to the Original Form 4 is being filed to correctly reflect the grant of the stock award 100% in the form of restricted stock units.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F3]Subject to the reporting person's continued service as a director of the issuer through the applicable vesting date, these restricted stock units are scheduled to vest on August 1, 2019 and will be settled, with respect to vested restricted stock units, in shares of the issuer's common stock no later than 30 days after each applicable vesting date.
- [F4]As described in footnote (1) herein, the options previously reported on the Original Form 4 were, in fact, not granted.