4//SEC Filing
LIPPES GERALD S 4
Accession 0001225208-12-011381
CIK 0000912562other
Filed
May 6, 8:00 PM ET
Accepted
May 7, 2:19 PM ET
Size
23.3 KB
Accession
0001225208-12-011381
Insider Transaction Report
Form 4
LIPPES GERALD S
Director
Transactions
- Other
Common Stock
2012-05-03+1,000→ 49,682 total - Other
Common Stock (Restricted)
2012-05-03−1,000→ 6,855 total - Award
Common Stock (Restricted)
2012-05-03$11.86/sh+1,855$22,000→ 7,855 total
Holdings
- 1,875(indirect: By LLC)
Common Stock
- 11,159.06
Restricted Stock Unit (MSPP Match)
→ Common Stock (11,159.06 underlying) - 23,137.41
Restricted Stock Unit (MSPP)
→ Common Stock (23,137.41 underlying)
Footnotes (8)
- [F1]Reported solely to distinguish unrestricted shares from restricted shares resulting from a May 16, 2011 lapse of restrictions on 1,000 shares of Restricted Stock acquired on May 16, 2008.
- [F2]Restrictions on 2,000 shares of restricted stock lapse on the earliest to occur of (i) 6 months following the date the Reporting Person on longer serves on the Board of Directors; (ii) the date of the Reporting Person's death; (iii) the date the Reporting Person suffers from a disability; and/or (iv) the date a change in control of the Company occurs. Restrictions on the remaining 5,855 shares of restricted stock lapse on the earliest to occur of (a) any of the foregoing (i) through (iv) above; and/or (b) 3 years following the grant date, of which 1,000 were granted May 16, 2008, 1,000 were granted May 19, 2009, 1,000 were granted on May 7, 2010, 1,000 were granted on May 6, 2011 and 1,855 were granted on May 3, 2012.
- [F3]Restrictions on 2,000 shares of restricted stock lapse on the earliest to occur of (i) 6 months following the date the Reporting Person on longer serves on the Board of Directors; (ii) the date of the Reporting Person's death; (iii) the date the Reporting Person suffers from a disability; and/or (iv) the date a change in control of the Company occurs. Restrictions on the remaining 4,855 shares of restricted stock lapse on the earliest to occur of (a) any of the foregoing (i) through (iv) above; and/or (b) 3 years following the grant date, of which 1,000 were granted May 19, 2009, 1,000 were granted on May 7, 2010, 1,000 were granted on May 6, 2011 and 1,855 were granted on May 3, 2012.
- [F4]Represents shares of common stock held for the benefit of the Reporting Person by Lippco Capital LLC.
- [F5]Represents matching restricted stock units allocated to the Reporting Person pursuant to the Company's Management Stock Purchase Plan equal in number to restricted stock units allocated to reflect the Reporting Person's deferral of a portion of his annual director retainer fee.
- [F6]Restricted stock units are forfeited if Reporting Person's service as a member of the Company's Board of Directors is terminated prior to age sixty (60). If service as a member of the Company's Board of Directors continues through age sixty (60), restricted stock units are payable solely in cash in five (5) consecutive, substantially equal annual installments beginning six (6) months following termination of service. Each restricted stock unit is converted to cash in an amount equal to the fair market value (200 day rolling average) of one share of the Company's common stock on the date of termination of the Reporting Person's service as a director of the Company.
- [F7]Represents restricted stock units allocated to Reporting Person pursuant to the Company's Management Stock Purchase Plan reflecting deferred annual director fees.
- [F8]Restricted stock units are payable solely in cash in five (5) consecutive, substantially equal annual installments beginning six (6) months following termination of service as a member of the Company's Board of Directors. Each restricted stock unit is converted to cash in an amount equal to the fair market value (200 day rolling average) of one share of the Company's common stock on the date of termination of the Reporting Person's service as a director of the Company.
Documents
Issuer
GIBRALTAR INDUSTRIES, INC.
CIK 0000912562
Entity typeother
Related Parties
1- filerCIK 0001224756
Filing Metadata
- Form type
- 4
- Filed
- May 6, 8:00 PM ET
- Accepted
- May 7, 2:19 PM ET
- Size
- 23.3 KB