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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock option | $ 37.54 | 12/17/2010 | D(1) | 75,463 | 08/10/2011 | 08/10/2020 | Common stock | 75,463 | (1) | 0 | D | ||||
Stock option | $ 28.83 | 12/17/2010 | A(1) | 98,283 | 08/10/2011 | 08/10/2020 | Common stock | 98,283 | (1) | 98,283 | D | ||||
Stock option | $ 37.54 | 12/17/2010 | D(1) | 75,464 | 08/10/2012 | 08/10/2020 | Common stock | 75,464 | (1) | 0 | D | ||||
Stock option | $ 28.83 | 12/17/2010 | A(1) | 98,284 | 08/10/2012 | 08/10/2020 | Common stock | 98,284 | (1) | 98,284 | D | ||||
Stock option | $ 37.54 | 12/17/2010 | D(1) | 75,464 | 08/10/2013 | 08/10/2020 | Common stock | 75,464 | (1) | 0 | D | ||||
Stock option | $ 28.83 | 12/17/2010 | A(1) | 98,284 | 08/10/2013 | 08/10/2020 | Common stock | 98,284 | (1) | 98,284 | D | ||||
Performance based restricted stock units | (2) | 12/17/2010 | D(2) | 39,958 | (2) | (2) | Common stock | 39,958 | $ 0 | 0 | D | ||||
Performance based restricted stock units | (2) | 12/17/2010 | A(2) | 39,958 | (2) | (2) | Common stock | 39,958 | $ 0 | 39,958 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
ESPE MATTHEW J C/O ARMSTRONG WORLD INDUSTRIES, INC. 2500 COLUMBIA AVENUE LANCASTER, PA 17603 |
X | President and CEO |
/s/ Jeffrey D. Nickel, attorney-in-fact | 12/21/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The reported transactions involved an amendment of outstanding options due to the recapitalization of the Company, resulting in the deemed cancellation of the "old" options and the grant of replacement options. |
(2) | The performance-based restricted stock units (PRSU) granted to Mr. Espe have been amended to adjust the stock price target due to the recapitalization of the Company, resulting in a deemed cancellation of the old PRSU and the grant of replacement PRSU. PRSU vest as follows: (i)50% of PRSU (19,979 units) will vest on 12/31/12 if the stock price target of $42.73 has been achieved; (ii)50% of PRSU (19,979 units) will vest on 12/31/13 if the stock price target of $57.73 has been achieved; and if PRSU do not vest in accordance with clause (i) and/or clause (ii), PRSU will vest when the applicable stock price targets are achieved, but only if they are achieved no later than 12/31/14. To the extent that, as of 12/31/14, the applicable stock price targets have not been met, PRSU shall be forfeited. The Company's closing stock price must be equal to or above the stock price target for 15 trading days in a 20 day consecutive trading day period at anytime prior to the applicable vesting dates. |