DYCOM INDUSTRIES INC 4
4 · DYCOM INDUSTRIES INC · Filed Dec 16, 2016
Insider Transaction Report
Form 4
Roach Rebecca Brightly
VP & Chief Accounting Officer
Transactions
- Tax Payment
Common Stock
2016-12-14$79.02/sh−705$55,709→ 10,370 total - Sale
Common Stock
2016-12-15$79.95/sh−470$37,578→ 9,900 total - Award
Common Stock
2016-12-14+1,745→ 11,075 total - Award
Restricted Stock Units
2016-12-14+796→ 9,330 total
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to acquire one share of DY common stock, par value $0.33 1/3 per share.
- [F2]The restricted stock units vest in four substantially equal annual installments beginning December 14, 2017.
- [F3]No consideration was paid for the restricted stock units.
- [F4]These shares were awarded in settlement of the restricted stock units that vested on December 14, 2016 based upon the satisfaction of the following pre-established performance measures (i) operating earnings and (ii) the ratio of operating cash flow to net income, in each case before certain items. The shares resported include 238 shares that vested in connection with the satisfaction of the performance measures described in the preceeding three year performance period.
- [F5]Withholding of common stock for the payment of tax liability incident to the vesting of restricted stock units.