GIBRALTAR INDUSTRIES, INC. 4

Accession 0001225208-14-002078

$ROCKCIK 0000912562operating

View on SEC.gov Company Profile

Filed

Jan 21, 7:00 PM ET

Accepted

Jan 22, 2:01 PM ET

Size

25.3 KB

Accession

0001225208-14-002078

Insider Transaction Report

Form 4

Period: 2014-01-17

GIBRALTAR INDUSTRIES, INC.ROCK

LIPPES GERALD S

Director

Transactions

Award
Restricted Stock Unit (MSPP Match Post-2012)
2014-01-17+1,879.7→ 4,281.62 total
→ Common Stock (1,879.7 underlying)
Award
Restricted Stock Unit (MSPP Post-2012)
2014-01-17$15.96/sh+1,879.7$30,000→ 5,408.73 total
→ Common Stock (1,879.7 underlying)

Holdings

Common Stock
51,682
Common Stock
(indirect: By LLC)
1,875
Common Stock (Restricted)
7,053
Restricted Stock Unit (MSPP Match)
→ Common Stock (11,159.06 underlying)
11,159.06
Restricted Stock Unit (MSPP)
→ Common Stock (25,088.63 underlying)
25,088.63

Footnotes (10)

[F1]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 3,000 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 on May 16, 2008, 1,000 were granted on May 19, 2009 and 1,000 were granted on May 7, 2010.
[F10]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.
[F2]Represents shares of common stock held for the benefit of the Reporting Person by Lippco Capital LLC.
[F3]Represents matching restricted stock units allocated to the Reporting Person after 2012 pursuant to the Company's Management Stock Purchase Plan to reflect the Reporting Person's deferral of a portion of his annual director retainer fee.
[F4]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 one lump sum payment or in five (5) or ten (10) consecutive, substantially equal annual installments, whichever distribution form is elected by the Reporting Person, 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.
[F5]Represents restricted stock units allocated to the Reporting Person after 2012 pursuant to the Company's Management Stock Purchase Plan to reflect the Reporting Person's deferral of a portion of his annual director retainer fee.
[F6]Restricted stock units are payable solely in cash in one lump sum payment or in five (5) or ten (10) consecutive, substantially equal annual installments, whichever distribution form is elected by the Reporting Person, 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.
[F7]Represents matching restricted stock units allocated to the Reporting Person prior to 2013 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.
[F8]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.
[F9]Represents restricted stock units allocated to Reporting Person prior to 2013 pursuant to the Company's Management Stock Purchase Plan reflecting deferred annual director fees.

Documents

2 files

Issuer

GIBRALTAR INDUSTRIES, INC.

CIK 0000912562

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0000912562

Filing Metadata

Form type: 4
Filed: Jan 21, 7:00 PM ET
Accepted: Jan 22, 2:01 PM ET
Size: 25.3 KB

View on SEC.gov