Herrin Ronald K. 4
4 · BlueLinx Holdings Inc. · Filed Jul 19, 2018
Insider Transaction Report
Form 4
Herrin Ronald K.
VP, Procurement
Transactions
- Disposition to Issuer
Common Stock
2018-07-16$38.17/sh−28,000$1,068,760→ 1,869 total - Exercise/Conversion
Common Stock
2018-07-16$7.00/sh+28,000$196,000→ 29,869 total - Exercise/Conversion
Stock Appreciation Rights
2018-07-16−28,000→ 0 totalExercise: $7.00From: 2018-07-16→ Common Stock (28,000 underlying)
Holdings
- 1,500
Restricted Stock Units
From: 2018-07-20→ Common Stock (1,500 underlying) - 904
Restricted Stock Units
→ Common Stock (904 underlying)
Footnotes (5)
- [F1]Represent cash-settled stock appreciation rights (SARs) that vested on July 16, 2018. The SARs will be settled in two cash installments as follows: (i) 50% payable within thirty days of the vesting date, and (ii) 50% payable in 2019, no later than August 15, 2019.
- [F2]Represents the "fair market value" of each SAR. The fair market value is equal to the average closing price for one share of BlueLinx Holdings Inc. common stock for the 20 trading days ending on the vesting date.
- [F3]Each restricted stock unit represents a contingent right to receive one share of BlueLinx Holdings Inc. common stock.
- [F4]The restricted stock units vest on July 20, 2018. Vested shares will be delivered to the reporting person not later than 30 days thereafter.
- [F5]The restricted stock units vest in three equal annual installment commencing June 8, 2019. Vested shares will be delivered to the reporting person not later than 30 days after each vesting date.