0001179110-19-004699.txt : 20190403 0001179110-19-004699.hdr.sgml : 20190403 20190403172801 ACCESSION NUMBER: 0001179110-19-004699 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160405 FILED AS OF DATE: 20190403 DATE AS OF CHANGE: 20190403 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: McCormick Thomas Edward CENTRAL INDEX KEY: 0001704011 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34145 FILM NUMBER: 19730178 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 2016-04-05 0 0001361538 Primoris Services Corp PRIM 0001704011 McCormick Thomas Edward C/O PRIMORIS SERVICES CORPORTATION 2300 NORTH FIELD STREET, SUITE 1900 DALLAS TX 75201 0 1 0 0 President Common Stock 2019-03-08 4 A 0 7168 15.81 A 16213 D Restricted Stock Units 2016-04-05 4 A 0 92321 0 A Common Stock 92321 92321 D Restricted Stock Units 2017-06-30 4 A 0 51 0 A Common Stock 51 92372 D Restricted Stock Units 2017-09-29 4 A 0 43 0 A Common Stock 43 92415 D Restricted Stock Units 2017-12-29 4 A 0 51 0 A Common Stock 51 92466 D Restricted Stock Units 2018-03-29 4 A 0 56 0 A Common Stock 56 92522 D Restricted Stock Units 2018-06-29 4 A 0 102 0 A Common Stock 102 92624 D Restricted Stock Units 2018-09-28 4 A 0 112 0 A Common Stock 112 92736 D Restricted Stock Units 2018-12-31 4 A 0 146 0 A Common Stock 146 92882 D Restricted Stock Units 2019-03-29 4 A 0 136 0 A Common Stock 136 93018 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 installments: 25% on April 5, 2017, 25% on April 5, 2018, and 50% on April 5, 2019, 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) April 5, 2019. 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) April 5, 2019. /s/ Kenneth M. Dodgen, by power of attorney 2019-04-03