McCutcheon David B 4

4 · PGT, Inc. · Filed Apr 8, 2010

Form 4

Period: 2010-04-06

VP-Florida Operations

Transactions

Award
Employee Stock Option (right to buy)
2010-04-06+296,690→ 296,690 total
Exercise: $2.00Exp: 2020-04-06→ Common Stock, par value $0.01 per share (296,690 underlying)
Disposition to Issuer
Commons Stock, par value $0.01 per share
2010-04-06−24,579→ 892,351 total
Disposition to Issuer
Employee Stock Option (right to buy)
2010-04-06−72,828→ 0 total
Exercise: $8.64Exp: 2014-01-29→ Common Stock, par value $0.01 per share (72,828 underlying)
Disposition to Issuer
Employee Stock Option (right to buy)
2010-04-06−26,483→ 0 total
Exercise: $8.64Exp: 2015-07-12→ Common Stock, par value $0.01 per share (26,483 underlying)

Footnotes (5)

[F1](1) The reporting person agreed to the forfeiture of 24,579 shares of unvested restricted stock granted to him on January 21, 2009, and options granted to him on July 2, 2004 and July 12, 2005 in exchange for a new option having a lower exercise price.
[F2](2) The option grant was approved by the board of directors of PGT, Inc. (the "Company") under the PGT, Inc. Amended and Restated 2006 Equity Incentive Plan on March 18, 2010, subject to stockholder approval of the Amended and Restated 2006 Equity Incentive Plan. The Company's stockholders approved the Amended and Restated 2006 Equity Incentive Plan on April 6, 2010.
[F3](3) The option becomes exercisable in five equal installments beginning April 6, 2011.
[F4](4) 100% is presently exercisable.
[F5](5) 80% is currently exercisable, and 20% was scheduled to vet on July 12, 2010.

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