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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 Options (2) | $ 42.65 | 01/17/2011 | A | 14,385 | (2) | 01/17/2021 | Common Stock (2) | 14,385 (2) | $ 42.65 (2) | 14,385 (2) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Grizzle Victor 2500 COLUMBIA AVENUE LANCASTER, PA 17603 |
Executive V.P., Armstrong Bdg |
/s/Mary J. Huwaldt, power of attorney for Victor Grizzle | 01/24/2011 | |
**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) | Represents restricted stock units granted under AWI's 2006 Long-Term Incentive Plan. The restrictions will lapse and the units will vest in three installments as follows: 1,954 shares on January 16, 2012; 1,954 shares on January 16, 2013; and 1,954 shares on January 16, 2014. Each restricted stock unit represents the right to receive one share of common stock; however, the Management Development and Compensation Committee of the Company may settle the restricted stock units in cash if insufficent shares are available at the end of the restriction periods. |
(2) | The options are non-qualified and have a ten year term starting January 17, 2011. The options will vest in three equal installments as follows: 4,795 shares on January 17, 2012; 4,795 shares on January 17, 2013; and 4,795 shares on January 17, 2014. Each stock option entitles the holder to purchase one share of AWI common stock at an exercise price equal to $42.65, which may be paid in cash or by delivering shares of AWI stock the holder has owned for at least six months. |