Filing Details
- Accession Number:
- 0001104659-18-018405
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-03-16 19:22:45
- Reporting Period:
- 2018-03-14
- Accepted Time:
- 2018-03-16 19:22:45
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1621563 | Summit Materials Inc. | SUM | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1440948 | W. Thomas Hill | C/O Summit Materials, Inc. 1550 Wynkoop Street, 3Rd Floor Denver CO 80202 | President & Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2018-03-14 | 4,343 | $18.00 | 146,245 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2018-03-14 | 89,850 | $18.00 | 236,095 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2018-03-14 | 47,959 | $17.07 | 284,054 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2018-03-14 | 300 | $31.26 | 283,754 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2018-03-14 | 18,748 | $31.60 | 265,006 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2018-03-14 | 123,104 | $31.01 | 141,902 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2018-03-15 | 61,375 | $18.00 | 203,277 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2018-03-15 | 7,006 | $31.07 | 196,271 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2018-03-15 | 54,369 | $30.31 | 141,902 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2018-03-16 | 244,432 | $18.00 | 386,334 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2018-03-16 | 5,600 | $30.59 | 380,734 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2018-03-16 | 238,832 | $31.15 | 141,902 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Options (right to buy) | Disposition | 2018-03-14 | 4,343 | $0.00 | 4,343 | $18.00 |
| Class A Common Stock | Options (right to buy) | Disposition | 2018-03-14 | 89,850 | $0.00 | 89,850 | $18.00 |
| Class A Common Stock | Options (right to buy) | Disposition | 2018-03-14 | 47,959 | $0.00 | 47,959 | $17.07 |
| Class A Common Stock | Options (right to buy) | Disposition | 2018-03-15 | 61,375 | $0.00 | 61,375 | $18.00 |
| Class A Common Stock | Options (right to buy) | Disposition | 2018-03-16 | 244,432 | $0.00 | 244,432 | $18.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 275,248 | 2025-03-11 | No | 4 | M | Direct | |
| 566,673 | 2025-03-11 | No | 4 | M | Direct | |
| 23,979 | 2026-02-24 | No | 4 | M | Direct | |
| 505,298 | 2025-03-11 | No | 4 | M | Direct | |
| 260,866 | 2015-03-11 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 365 | Indirect | See Footnote |
Footnotes
- The Board of Directors of the Issuer has instituted robust ownership guidelines for the Reporting Person, requiring that he hold a value of 6 times his base salary in the Issuer's equity. After the above reported sales the Reporting Person will hold almost 34 times his base salary in the Issuer's equity (using the closing price of $31.81 on March 13, 2018, the day before the first sale reported). This calculation does not include unvested options or performance share units.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $31.25 to $31.28, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $31.50 to $31.98, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $30.80 to $31.26, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $31.00 to $31.23, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $30.25 to $30.38, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $30.50 to $30.68, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $30.70 to $31.68, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- Reflects securities held by a trust for the benefit of Mr. Hill's family, for which Mr. Hill's spouse serves as trustee.
- Reflects the grant of 559,181 options that vest in four equal annual installments beginning on March 11, 2016.
- Reflects the grant of 726,933 options that vest in four equal annual installments beginning on March 11, 2016.
- Reflects the grant of 71,938 options that vest in three equal annual installments beginning on February 24, 2017.
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