FARMER PHILLIP W 4
4 · Vulcan Materials CO · Filed Jun 3, 2011
Insider Transaction Report
Form 4
FARMER PHILLIP W
Director
Transactions
- Award
Phantom Stock (Deferred Stock Units)
2011-06-01+2,250→ 9,881.765 total(indirect: By Trust)→ Common Stock (2,250 underlying)
Footnotes (3)
- [F1]Convertible on a 1-for-1 basis.
- [F2]Annual deferred stock grant made to the reporting person under the Vulcan Materials Company 2006 Omnibus Long-Term Incentive Plan.
- [F3]Deferred Stock Units vest on the third anniversary of the grant date. Vested shares will be delivered to the reporting person in the month of April following the year in which the reporting person ceases to be a member of the Board of Directors, unless the reporting person has elected to defer payment of the award, or unless payment is made earlier due to the death or disability of the reporting person or a change in control of Vulcan. The fair market value of the award is not determinable until the payment date.