Initial Statement of Beneficial Ownership (3)
November 06 2019 - 4:23PM
Edgar (US Regulatory)
FORM 3
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0104
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Cornett Paul |
2. Date of Event Requiring Statement (MM/DD/YYYY)
11/1/2019
|
3. Issuer Name and Ticker or Trading Symbol
Quanex Building Products CORP [NX]
|
(Last)
(First)
(Middle)
1800 W LOOP SOUTH, SUITE 1500 |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) SVP General Counsel, Secretary / |
(Street)
HOUSTON, TX 77027
(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
|
Table I - Non-Derivative Securities Beneficially Owned
|
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 | 11696.99 (1) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
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 |
Phantom Stock Units | (2) | (2) | Common Stock | 2311.1 | (3) | D | |
Stock Options (Right to Buy) | 12/2/2012 (4) | 12/2/2019 | Common Stock | 1500 | $16.21 | D | |
Stock Options (Right to Buy) | 12/1/2013 (5) | 12/1/2020 | Common Stock | 1500 | $16.90 | D | |
Stock Options (Right to Buy) | 11/30/2014 (6) | 11/30/2021 | Common Stock | 1500 | $15.08 | D | |
Stock Options (Right to Buy) | 12/5/2015 (7) | 12/5/2022 | Common Stock | 1500 | $21.11 | D | |
Stock Options (Right to Buy) | 12/5/2016 (8) | 12/5/2023 | Common Stock | 2000 | $17.63 | D | |
Stock Options (Right to Buy) | 12/3/2017 (9) | 12/3/2024 | Common Stock | 1800 | $20.28 | D | |
Stock Options (Right to Buy) | 12/2/2018 (10) | 12/2/2025 | Common Stock | 5500 | $19.31 | D | |
Stock Options (Right to Buy) | 11/30/2019 (11) | 11/30/2026 | Common Stock | 5500 | $19.45 | D | |
Explanation of Responses: |
(1) | The shares of common stock listed in column 2 of table I comprise (i) 1,800 shares of restricted stock that will vest on November 30, 2019, subject to the reporting person's continued employment; (ii) 1,500 shares of restricted stock that will vest on December 7, 2020, subject to the reporting person's continued employment; (iii) 4,500 shares of restricted stock that will vest on December 5, 2021, subject to the reporting person's continued employment; and (iv) 3,896.99 non-restricted shares purchased through the Quanex Employee Stock Purchase Plan. |
(2) | Each Phantom Stock Unit is the economic equivalent of one share of common stock. Distributions under the Deferred Compensation Plan are made in cash beginning on a specified date selected by the participant or upon the participant's death, disability, or termination of employment. |
(3) | Conversion price is 1-for-1. |
(4) | The stock options vested in three equal annual installments beginning on December 2, 2010. |
(5) | The stock options vested in three equal annual installments beginning on December 1, 2011. |
(6) | The stock options vested in three equal annual installments beginning on November 30, 2012. |
(7) | The stock options vested in three equal annual installments beginning on December 5, 2013. |
(8) | The stock options vested in three equal annual installments beginning on December 5, 2014. |
(9) | The stock options vested in three equal annual installments beginning on December 3, 2015. |
(10) | The stock options vested in three equal annual installments beginning on December 2, 2016 |
(11) | The stock options vest in three equal annual installments beginning on November 30, 2017. As of the date of this Form 3 filing, 1,884 stock options remained unvested, and all such options will vest on November 30, 2019, subject to the reporting person's continued employment. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Cornett Paul 1800 W LOOP SOUTH SUITE 1500 HOUSTON, TX 77027 |
|
| SVP General Counsel, Secretary |
|
Signatures
|
/s/ Paul B. Cornett | | 11/6/2019 |
**Signature of Reporting Person | Date |
Quanex (NYSE:NX)
Historical Stock Chart
From Apr 2024 to May 2024
Quanex (NYSE:NX)
Historical Stock Chart
From May 2023 to May 2024