|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| |||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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 | ||||||||
Stock Option (Right to Buy) | $ 1.98 | 04/07/2010 | A | 43,008 (1) | (2) | 04/07/2020 | Common Stock, par value $0.01 per share | 43,008 | $ 0 | 43,008 | D | ||||
Stock Option (Right to Buy) | $ 1.98 | 04/07/2010 | A | 24,193 (1) | (3) | 04/07/2020 | Common Stock, par value $0.01 per share | 24,193 | $ 0 | 24,193 | D | ||||
Stock Option (Right to Buy) | $ 1.98 | 04/07/2010 | A | 64,516 (1) | (4) | 04/07/2020 | Common Stock, par value $0.01 per share | 64,516 | $ 0 | 64,516 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SHERMAN FLOYD F BUILDERS FIRSTSOURCE INC. 2001 BRYAN STREET, SUITE 1600 DALLAS, TX 75201 |
X |
/s/ Floyd F. Sherman | 04/09/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | (1) On October 27, 2009, the Board of Directors of PGT, Inc. approved changes regarding compensation of certain directors, including the reporting person, and such changes include: (a) in lieu of an annual cash retainer of $40,000, an annual grant under the PGT 2006 Equity Incentive Plan of stock options with a fair market value at the time of issuance of approximately $40,000; and (b) in lieu of a grant of restricted shares of common stock with a value at the time of issuance of approximately $40,000 per year for each year of service as a director, a grant under the Company's 2006 Equity Incentive Plan of stock options with a fair market value at the time of issuance of approximately $40,000 per year for each year of service as a director. |
(2) | (2) 100% is immediately exercisable. |
(3) | (3) The option becomes exercisable in three approximately equal installments on each of July 3, 2010, October 2, 2010, and January 1, 2011. |
(4) | (4) The option becomes exercisable in two equal annual installments beginning on April 7, 2011 and April 7, 2012. |