Statement of Changes in Beneficial Ownership (4)
April 29 2020 - 3:43PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Doucet Michael |
2. Issuer Name and Ticker or Trading Symbol
AZZ INC
[
AZZ
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP-Surface Technologies |
(Last)
(First)
(Middle)
3100 W. 7TH STREET, SUITE 500, ONE MUSEUM PLACE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
4/27/2020 |
(Street)
FORT WORTH, TX 76107
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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COMMON STOCK | 4/27/2020 | | M | | 174 | A | $0 | 1687 | D | |
COMMON STOCK | 4/27/2020 | | M | | 6 (1) | A | $0 | 1693 | D | |
COMMON STOCK | 4/27/2020 | | F | | 41 (2) | D | $28.59 | 1652 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (3) | 4/27/2020 | | M | | | 174 | (4) | (5) | COMMON STOCK | 174.0 | $0 | 0 | D | |
Explanation of Responses: |
(1) | Represents the vesting of dividend equivalent rights accrued on 174 restricted stock units ("RSUs") granted on April 27, 2017, which AZZ elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest. |
(2) | The reporting person disposed of 41 shares of common stock to satisfy tax withholding obligations. |
(3) | Each RSU represents a contingent right to receive one share of AZZ common stock. |
(4) | The RSUs granted on 4/27/2017, vest ratably over a 3-year period beginning on 4/27/2018. |
(5) | Once vested, the shares of common stock are not subject to expiration. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Doucet Michael 3100 W. 7TH STREET, SUITE 500 ONE MUSEUM PLACE FORT WORTH, TX 76107 |
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| SVP-Surface Technologies |
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Signatures
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/s/ Tara D. Mackey, attorney-in-fact for Michael Doucet | | 4/29/2020 |
**Signature of Reporting Person | Date |
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