Statement of Changes in Beneficial Ownership (4)
October 19 2020 - 10:36AM
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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APPROVAL
OMB Number: 3235-0287
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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 * LYTTLE CATHERINE
M |
2. Issuer Name and Ticker or Trading
Symbol WORTHINGTON INDUSTRIES INC [ WOR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
Sr VP & Chief HR Officer |
(Last)
(First)
(Middle)
200 OLD WILSON BRIDGE ROAD |
3. Date of Earliest Transaction (MM/DD/YYYY)
10/15/2020
|
(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 |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Shares |
10/15/2020 |
|
M |
|
3500 |
A |
$30.92 |
38560 |
D |
|
Common Shares |
10/15/2020 |
|
S |
|
3500 |
D |
$46.97 |
35060 |
D |
|
Common Shares |
|
|
|
|
|
|
|
134 (1) |
I |
By 401(k) |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
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 |
Non-qualified stock option (right to
buy) |
$30.92 |
10/15/2020 |
|
M |
|
|
3500 |
6/26/2016 (2) |
6/26/2025 |
Common Shares |
3500 |
$0.00 |
0 |
D |
|
Phantom stock acquired under Deferred
Compensation Plan |
(3) |
|
|
|
|
|
|
(4) |
(5) |
Common Shares |
25 (6) |
|
327 (6) |
D |
|
Explanation of
Responses: |
(1) |
Amount listed is the most
up-to-date information available regarding holdings in the Company
Plan Fund which invests in common shares of Worthington Industries,
Inc. and is based on a plan statement dated as of September 30,
2020. |
(2) |
This non-qualified stock
option was granted pursuant to the Worthington Industries, Inc.
2010 Stock Option Plan. Date listed is the first day the first
portion of the option vested. Additional portions of 33.33% of the
option vested annually on 6/26/2017 and 6/26/2018. |
(3) |
The account tracks common
shares on a one-for-one basis. |
(4) |
Prior to October 1, 2014,
the account balances related to the theoretical Worthington
Industries, Inc. common share deemed investment option could be
immediately transferred to other investment options under the terms
of the Worthington Industries, Inc. Amended and Restated 2005
Deferred Compensation Plan, as amended (the "2005 NQ
Plan"). |
(5) |
The 2005 NQ Plan provides
that effective October 1, 2014 and thereafter, any amount credited
in a participant's account to the phantom stock fund (i.e.
theoretical Worthington Industries, Inc. common share deemed
investment option) may not be transferred to an alternative deemed
investment option under the 2005 NQ Plan until distribution from
the 2005 NQ Plan. Distributions are made only in common shares of
Worthington Industries, Inc. and generally commence upon a person's
leaving employment with Worthington Industries, Inc. |
(6) |
The amount shown reflects
additional unfunded theoretical Worthington Industries, Inc. common
shares (i.e. phantom stock) credited pursuant to the dividend
reinvestment feature of the 2005 NQ Plan. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
LYTTLE CATHERINE M
200 OLD WILSON BRIDGE ROAD
COLUMBUS, OH 43085 |
|
|
Sr VP & Chief HR Officer |
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Signatures
|
/s/Dale T. Brinkman, as attorney-in-fact for
Catherine M. Lyttle |
|
10/19/2020 |
**Signature of Reporting
Person |
Date |