-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, M3WXyMZPswgYKRas5vA5CNwgHC+Zipk5C+eFk8OZ8DM7+zYyXfmOuPaJzkykBDzv Jh85JdYm2uJnGMRKkKdjGg== 0001181431-10-041455.txt : 20100811 0001181431-10-041455.hdr.sgml : 20100811 20100811163225 ACCESSION NUMBER: 0001181431-10-041455 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100810 FILED AS OF DATE: 20100811 DATE AS OF CHANGE: 20100811 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ESPE MATTHEW J CENTRAL INDEX KEY: 0001192868 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-02116 FILM NUMBER: 101008413 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ARMSTRONG WORLD INDUSTRIES INC CENTRAL INDEX KEY: 0000007431 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 230366390 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2500 COLUMBIA AVE CITY: LANCASTER STATE: PA ZIP: 17603 BUSINESS PHONE: 7173970611 MAIL ADDRESS: STREET 1: 2500 COLUMBIA AVE CITY: LANCASTER STATE: PA ZIP: 17603 FORMER COMPANY: FORMER CONFORMED NAME: ARMSTRONG CORK CO DATE OF NAME CHANGE: 19800611 4 1 rrd282131.xml ESPE GRANTS X0303 4 2010-08-10 0 0000007431 ARMSTRONG WORLD INDUSTRIES INC AWI 0001192868 ESPE MATTHEW J 2500 COLUMBIA AVE LANCASTER PA 17603 1 1 0 0 President and CEO Common stock 2010-08-10 4 A 0 29303 0 A 29303 D Stock Options - right to buy 37.54 2010-08-10 4 A 0 226391 0 A Common Stock 226391 226391 D Performance-based restricted stock units 2010-08-10 4 A 0 39958 0 A Common stock 39958 39958 D Represents restricted stock units granted under the 2006 Long-Term Incentive Plan. The units will vest in three installments at one, two and three years as follows: 9,767 shares on August 9, 2011; 9,768 shares on August 9, 2012; and 9,768 shares on August 9, 2013 (contingent upon the officer's employment on the scheduled vesting dates). The options will vest and become exercisable in three installments at one, two and three years as follows: 75,463 shares on August 10, 2011; 75,464 shares on August 10, 2012; and 75,464 shares on August 10, 2013 (contingent upon the officer's employment on the scheduled vesting dates). No shares of stock may be acquired by exercise of an option after a maximum of ten years from the date the option was granted. Mr. Espe was granted 39,958 performance-based restricted stock units ("PRSU") under the 2006 Long-Term Incentive Plan. The PRSU vest as follows: (i) 50% of the PRSU (19,979 units) will vest on December 31, 2012 if the stock price target of $55.00 has been achieved; (ii) 50% of the PRSU (19,979 shares)will vest on December 31, 2013 if the stock price target of $70.00 has been achieved; and if the PRSU do not vest in accordance with clause (i) and/or clause (ii), the PRSU will vest when the applicable stock price target is achieved, but only if they are achieved no later than December 31, 2014. To the extent that, as of December 31, 2014, the applicable stock price targets set forth above have not been met, the 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 any time prior to the applicable time vesting date (or by December 31, 2014) for awards to become vested. Each PRSU represents the right to receive, following vesting, one share of Company common stock, together with a cash dividend payment proportionate to the earned shares. Michele M. Nicholas, Attorney-in-fact 2010-08-11 -----END PRIVACY-ENHANCED MESSAGE-----