RUSCH LEON K 4
4 · COMMERCIAL METALS CO · Filed Nov 28, 2011
Insider Transaction Report
Form 4
RUSCH LEON K
ControllerOther
Transactions
- Award
Restricted Stock Units
2011-11-23+4,860→ 4,860 totalExercise: $0.00From: 2012-11-23Exp: 2014-11-23→ Common Stock (4,860 underlying) - Award
Performance Shares
2011-11-23+6,480→ 6,480 totalExercise: $0.00From: 2014-08-31Exp: 2014-08-31→ Common Stock (6,480 underlying) - Award
Stock Appreciation Rights
2011-11-23+9,721→ 9,721 totalExercise: $11.60From: 2013-11-23Exp: 2018-11-23→ Common Stock (9,721 underlying)
Footnotes (3)
- [F1]This award is a cash-settled award based on certain performance criteria. In addition, after determining the portion of the performance units that will vest, the Compensation Committee of the Company may reduce the number of vested performance units, in its discretion, if the Company ranks below the 40th percentile on a Total Stockholder Return basis as compared to its Peer Group with the Total Stockholder Return based on the average of the closing prices on the principal market for each trading day for the month of September 2011 versus the month of August 2014.
- [F2]Award of restricted stock units under the 2006 Long-Term Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of CMC common stock. The restricted stock units ("RSU Awarded Units") vest and become payable as follows: (i) one-third of the total RSU Awarded Units on the first anniversary of the date of grant; (ii) one-third of the total RSU Awarded Units on the second anniversary of the date of grant; and (iii) one-third of the total RSU Awarded Units on the third anniversary of the date of grant.
- [F3]Stock Appreciation Rights vest one-half at the end of the second year from date of grant and one-half at the end of the third year from date of grant. These will expire after seven year from date of grant. These SARs will be settled 100% in stock.