0001179110-19-004697.txt : 20190403
0001179110-19-004697.hdr.sgml : 20190403
20190403172705
ACCESSION NUMBER: 0001179110-19-004697
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170522
FILED AS OF DATE: 20190403
DATE AS OF CHANGE: 20190403
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Dodgen Kenneth Morris
CENTRAL INDEX KEY: 0001707945
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34145
FILM NUMBER: 19730163
MAIL ADDRESS:
STREET 1: 2100 MCKINNEY AVE
STREET 2: SUITE 1500
CITY: DALLAS
STATE: TX
ZIP: 75201
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Primoris Services Corp
CENTRAL INDEX KEY: 0001361538
STANDARD INDUSTRIAL CLASSIFICATION: WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623]
IRS NUMBER: 204743916
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2100 MCKINNEY AVENUE, SUITE 1500
CITY: DALLAS
STATE: TX
ZIP: 75201
BUSINESS PHONE: 214-740-5600
MAIL ADDRESS:
STREET 1: 2100 MCKINNEY AVENUE, SUITE 1500
CITY: DALLAS
STATE: TX
ZIP: 75201
FORMER COMPANY:
FORMER CONFORMED NAME: Primoris Services CORP
DATE OF NAME CHANGE: 20080821
FORMER COMPANY:
FORMER CONFORMED NAME: Rhapsody Acquisition Corp.
DATE OF NAME CHANGE: 20060503
4
1
edgar.xml
FORM 4 -
X0306
4
2017-05-22
0
0001361538
Primoris Services Corp
PRIM
0001707945
Dodgen Kenneth Morris
C/O PRIMORIS SERVICES CORPORTATION
2300 NORTH FIELD STREET, SUITE 1900
DALLAS
TX
75201
0
1
0
0
Chief Financial Officer
Common Stock
2019-03-08
4
A
0
3163
15.81
A
3163
D
Restricted Stock Units
2017-05-22
4
A
0
10000
0
A
Common Stock
10000
10000
D
Restricted Stock Units
2018-06-29
4
A
0
7
0
A
Common Stock
7
10007
D
Restricted Stock Units
2018-09-28
4
A
0
8
0
A
Common Stock
8
10015
D
Restricted Stock Units
2018-10-03
4
A
0
6161
0
A
Common Stock
6161
16176
D
Restricted Stock Units
2018-12-31
4
A
0
11
0
A
Common Stock
11
16187
D
Restricted Stock Units
2019-03-29
4
A
0
10
0
A
Common Stock
10
16197
D
Purchased PRIM Common Stock shares as part of Primoris Services Corporation's (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. Purchases were made at a 25% reduction to the average closing price during December 2018. Shares cannot be sold for 6 months.
Each restricted stock unit represents a contingent right to receive one share of PRIM common stock or the cash value thereof on the date of settlement, in the Company's discretion.
The restricted stock units vest in three equal annual installments on each of the first through third anniversaries of the May 22, 2017, subject to accelerated vesting upon the reporting person's termination without cause, death, disability, or a change in control of the Company. Vested restricted stock units will be settled in stock or cash on the earlier of (i) six months following the reporting person's termination of employment; (ii) the date of the reporting person's death or the date the reporting person becomes disabled; (iii) the date of a change in control of the Company; or (iv) May 22, 2020.
Represents dividend equivalent units in the form of restricted stock units with respect to vested restricted stock units. Vested restricted stock units will be settled in stock or cash on the earlier of (i) six months following the reporting person's termination of employment; (ii) the date of the reporting person's death or the date the reporting person becomes disabled; (iii) the date of a change in control of the Company; or (iv) May 22, 2020.
The restricted stock units vest in three equal annual installments on each of the first through third anniversaries of the October 3, 2018, subject to accelerated vesting upon the reporting person's termination without cause, death, disability, or a change in control of the Company. Vested restricted stock units will be settled in stock or cash on the earlier of (i) six months following the reporting person's termination of employment; (ii) the date of the reporting person's death or the date the reporting person becomes disabled; (iii) the date of a change in control of the Company; or (iv) October 3, 2021.
/s/ Kenneth M. Dodgen, by power of attorney
2019-04-03