Summers Scott E. 4
4 · Primoris Services Corp · Filed Mar 18, 2011
Insider Transaction Report
Form 4
Summers Scott E.
Other
Transactions
- Purchase
Common Stock
2011-03-10$6.81/sh+7,342$49,999→ 7,342 total
Holdings
- 1,462,367(indirect: By Trust)
Common Stock
- 17,805(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Purchased Common Stock shares as part of the Company's Long-Term Retention Plan. The Plan provides certain management employees the opportunity to purchase Company stock with a defined portion of their annual incentive compensation at a discount to the market price. For 2011, purchases were made at a 25% reduction to the average closing price during January 2011. Shares cannot be sold prior to October 25, 2011.
- [F2]These shares are owned directly by the Summers Family Trust and indirectly by Scott E. Summers, as trustee of the trust.
- [F3]5,935 shares each of Common Stock are held by Scott Summer's children's trusts: 1)Patrick Summers, Trustee of the Christen Leigh Summers Trust 12/17/09; 2)Patrick Summers, Trustee of the Briana Lynn Summers Trust 12/17/09; 3) Patrick Summers, Trustee of the Danielle June Summers Trust 12/22/09. Patrick Summers is the brother of Scott E. Summers.