Initial Statement of Beneficial Ownership (3)
March 13 2020 - 4:20PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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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
*
Perkins Jerry F Jr |
2. Date of Event Requiring Statement (MM/DD/YYYY)
3/3/2020
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3. Issuer Name and Ticker or Trading Symbol
Vulcan Materials CO [VMC]
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(Last)
(First)
(Middle)
1200 URBAN CENTER DRIVE |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) Senior Vice President / |
(Street)
BIRMINGHAM, AL 35242
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 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 Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 8220.00 | D | |
Common Stock (401k) | 7421.49 | 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. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Performance Share Units | 12/31/2020 | (1) | Common Stock | 2400.00 | (1) | D | |
Performance Share Units | 12/31/2021 | (2) | Common Stock | 2200.00 | (2) | D | |
Performance Share Units | 12/31/2022 | (3) | Common Stock | 2900.00 | (3) | D | |
Restricted Stock Units | 2/19/2022 | (5) | Common Stock | 700.00 | (4) | D | |
Restricted Stock Units | 2/21/2023 | (5) | Common Stock | 1000.00 | (4) | D | |
Stock Appreciation Right | 2/7/2014 (6) | 2/7/2023 | Common Stock | 1230.00 | $55.41 | D | |
Stock Appreciation Right | 2/13/2015 (6) | 2/13/2024 | Common Stock | 1170.00 | $66.00 | D | |
Stock Appreciation Right | 2/12/2016 (6) | 2/12/2025 | Common Stock | 1000.00 | $79.41 | D | |
Stock Appreciation Right | 2/12/2017 (6) | 2/12/2026 | Common Stock | 2500.00 | $92.02 | D | |
Stock Appreciation Right | 2/10/2018 (7) | 2/10/2027 | Common Stock | 2200.00 | $122.60 | D | |
Stock Appreciation Right | 2/23/2019 (7) | 2/23/2028 | Common Stock | 2400.00 | $121.69 | D | |
Stock Appreciation Right | 2/19/2020 (7) | 2/19/2029 | Common Stock | 2100.00 | $113.16 | D | |
Stock Appreciation Right | 2/21/2021 (7) | 2/21/2030 | Common Stock | 3100.00 | $133.95 | D | |
Explanation of Responses: |
(1) | Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2018, and ends on December 31, 2020. At the end of the Performance Period, the Compensation Committee determines the payment amount based on Company performance relative to the S&P 500 Index, of which the Company is a member. The payment is made 100% in stock on a payment date determined by the Compensation Committee. |
(2) | Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2019, and ends on December 31, 2021. At the end of the Performance Period, the Compensation Committee determines the payment amount based on (1) Company performance relative to the S&P 500 Index, of which the Company is a member, and (2) the Company's annual average growth rate of Cash Gross Profit per ton versus a pre-determined target. The payment is made 100% in stock on a payment date determined by the Compensation Committee. |
(3) | Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2020, and ends on December 31, 2022. At the end of the Performance Period, the Compensation Committee determines the payment amount based on (1) Company performance relative to the S&P 500 Index, of which the Company is a member, and (2) the Company's annual average growth rate of Cash Gross Profit per ton versus a pre-determined target. The payment is made 100% in stock on a payment date determined by the Compensation Committee. |
(4) | Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan Common Stock. |
(5) | Restricted Stock Units cliff vest on the specified date and are settled in shares of Vulcan Common Stock within 75 days after the applicable vesting date. |
(6) | Stock Appreciation Right vests in four (4) equal annual installments beginning on this date. |
(7) | Stock Appreciation Right vests in three (3) equal annual installments beginning on this date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Perkins Jerry F Jr 1200 URBAN CENTER DRIVE BIRMINGHAM, AL 35242 |
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| Senior Vice President |
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Signatures
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/s/ Elizabeth H. Townsend, Attorney-In-Fact | | 3/13/2020 |
**Signature of Reporting Person | Date |
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