KARMANOS PETER 4
4 · WORTHINGTON INDUSTRIES INC · Filed Sep 29, 2017
Insider Transaction Report
Form 4
KARMANOS PETER
Director
Transactions
- Award
Phantom Stock
2017-09-27$48.04/sh+1,978$95,023→ 84,393 total→ common shares (1,978 underlying) - Award
Common Shares
2017-09-27+2,400→ 131,216 total
Footnotes (5)
- [F1]An award of restricted stock was granted pursuant to the Worthington Industries, Inc. Amended and Restated 2006 Equity Incentive Plan for Non-Employee Directors. The restricted stock will vest on the earlier to occur of (1) the first anniversary of the grant date (September 27, 2018); or (2) the date on which the next Annual Meeting of Shareholders of Worthington Industries, Inc. is held.
- [F2]The accounts track common shares on a one-for-one basis.
- [F3]Prior to October 1, 2014, the account balances related to the theoretical common shares could be immediately transferred to other investment options under the terms of the deferred compensation plans.
- [F4]The Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors, as amended (the "Plan"), provides that effective October 1, 2014, and thereafter, any amount credited in a participant's account to the phantom stock fund (i.e. theoretical Company common shares deemed investment option) may not be transferred to an alternative deemed investment option under the Plan until distribution from the Plan. Distributions are made only in common shares of the Company and generally commence upon the leaving the Company's Board of Directors.
- [F5]The amount shown reflects additional theoretical common shares (i.e. phantom stock) which were credited pursuant to the dividend reinvestment feature of the Plan since the date on which the amount of theoretical common shares credited pursuant to dividend reinvestment under the Plan was last updated in the reporting person's Form 4/A filed October 3, 2016.