Statement of Changes in Beneficial Ownership (4)
December 29 2020 - 10:41AM
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
*
MCCONNELL JOHN P/OH |
2. Issuer Name and Ticker or Trading Symbol
WORTHINGTON INDUSTRIES INC
[
WOR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Chairman |
(Last)
(First)
(Middle)
WORTHINGTON INDUSTRIES, INC., 200 OLD WILSON BRIDGE ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/18/2020 |
(Street)
COLUMBUS, OH 43085
(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 Shares | 12/18/2020 | | G |
V
| 442250 (1) | D | $0.00 | 1355518 | D | |
Common Shares | | | | | | | | 12415982 | I | By JMAC, Inc. |
Common Shares | | | | | | | | 2428312 | I | By the Porter Rardin Trust f/b/o John P. McConnell and Margaret Kollis |
Common Shares | | | | | | | | 8173 | I | As custodian for his son, C.R.McConnell |
Common Shares | | | | | | | | 7343 | I | By Spouse, Amy McConnell, as custodian for her son, Luke A. Edmonds |
Common Shares | | | | | | | | 118000 | I | By The McConnell Family Trust |
Common Shares | | | | | | | | 255875 | I | By The Margaret R. McConnell Trust f/b/o Margaret Kollis |
Common Shares | | | | | | | | 25227 (2) | I | By the Worthington Industries, Inc. Deferred Profit Sharing Plan |
Common Shares | 12/18/2020 | | G |
V
| 44250 | A | $0.00 | 44250 | I | By McConnell 2020 LAE Trust (3) |
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 |
Explanation of Responses: |
(1) | This transaction involved gifts of: (1) an aggregate of 398,000 common shares by the reporting person, in his capacity as settlor, to four separate irrevocable trusts for the benefit of four of his children (one who shares his household and three who no longer share his household), with each such irrevocable trust having an independent trustee who is not related to the reporting person; and (2) 44,250 common shares by the reporting person, in his capacity as settlor, to an irrevocable trust for the benefit of the son of the reporting person's spouse (not described in clause (1)), with such reporting person's spouse serving as the trustee of such irrevocable trust. The reporting person has no reportable beneficial ownership of or pecuniary interest in the aggregate of 398,000 common shares gifted to the irrevocable trusts having an independent trustee who is not related to the reporting person. |
(2) | Amount listed is the most up-to-date information available regarding holdings in the Company Stock Fund under the Worthington Industries, Inc. Deferred Profit Sharing Plan and is based on a Plan statement as of 11/30/2020. |
(3) | These common shares are held in an irrevocable trust for the benefit of the son of the reporting person's spouse. The reporting person's spouse is the trustee of such irrevocable trust. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
MCCONNELL JOHN P/OH WORTHINGTON INDUSTRIES, INC. 200 OLD WILSON BRIDGE ROAD COLUMBUS, OH 43085 | X | X | Executive Chairman |
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Signatures
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/S/ John P. McConnell by Dale T. Brinkman, as attorney-in-fact | | 12/29/2020 |
**Signature of Reporting Person | Date |
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