0000008947-16-000199.txt : 20160429
0000008947-16-000199.hdr.sgml : 20160429
20160429164529
ACCESSION NUMBER: 0000008947-16-000199
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160427
FILED AS OF DATE: 20160429
DATE AS OF CHANGE: 20160429
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: AZZ INC
CENTRAL INDEX KEY: 0000008947
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC LIGHTING & WIRING EQUIPMENT [3640]
IRS NUMBER: 750948250
STATE OF INCORPORATION: TX
FISCAL YEAR END: 0228
BUSINESS ADDRESS:
STREET 1: ONE MUSEUM PLACE, SUITE 500
STREET 2: 3100 W 7TH STREET
CITY: FORT WORTH
STATE: TX
ZIP: 76107
BUSINESS PHONE: 8178100095
MAIL ADDRESS:
STREET 1: ONE MUSEUM PLACE, SUITE 500
STREET 2: 3100 W 7TH STREET
CITY: FORT WORTH
STATE: TX
ZIP: 76107
FORMER COMPANY:
FORMER CONFORMED NAME: AZTEC MANUFACTURING CO
DATE OF NAME CHANGE: 20000911
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Mackey Tara D
CENTRAL INDEX KEY: 0001607217
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-12777
FILM NUMBER: 161607492
MAIL ADDRESS:
STREET 1: ONE MUSEUM PLACE, SUITE 500
STREET 2: 3100 WEST 7TH STREET
CITY: FORT WORTH
STATE: TX
ZIP: 76116
4
1
wf-form4_146196271640083.xml
FORM 4
X0306
4
2016-04-27
0
0000008947
AZZ INC
AZZ
0001607217
Mackey Tara D
ONE MUSEUM PLACE
3100 WEST 7TH STREET
FORT WORTH
TX
76107
0
1
0
0
Chief Legal Officer
COMMON STOCK
2016-04-27
4
M
0
334
0
A
1150
D
COMMON STOCK
2016-04-27
4
M
0
380
0
A
1530
D
COMMON STOCK
2016-04-27
4
F
0
277
57.47
D
1253
D
COMMON STOCK
2016-04-27
4
M
0
1
0
A
1254
D
COMMON STOCK
2016-04-27
4
M
0
3
0
A
1257
D
COMMON STOCK
2016-04-27
4
M
0
334
0
A
1591
D
Restricted Stock Units
2016-04-27
4
M
0
334
0
D
COMMON STOCK $1.00 PAR VALUE
334.0
666
D
Restricted Stock Units
2016-04-27
4
M
0
334
0
D
COMMON STOCK
334.0
666
D
Restricted Stock Units
2016-04-27
4
M
0
380
0
D
COMMON STOCK
380.0
758
D
Restricted Stock Units
2016-04-27
4
A
0
1218
0
A
COMMON STOCK
1218.0
1218
D
Performance Share Units
2016-04-27
4
A
0
1218
0
A
COMMON STOCK
1218.0
1218
D
The reporting person disposed of 277 shares of common stock to satisfy tax withholding obligations.
Represents the vesting of dividend equivalent rights accrued on 334 restricted stock units ("RSUs") granted on 11/6/2015, which AZZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
Represents the vesting of dividend equivalent rights accrued on 380 RSUs granted on 4/27/2015, which AZ has elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
Each RSU represents a contingent right to receive one share of AZZ common stock.
The RSUs granted on 11/6/2015, vest over a three-year period with 1/3rd vesting on 4/27/2016, 4/27/2017 and 4/27/2018, respectively.
Once vested, the shares of common stock are not subject to expiration.
The RSUs granted on 3/7/2016, vest over a three-year period with 1/3rd vesting on 4/27/2016, 4/27/2017 and 4/27/2018, respectively.
The RSUs granted on 4/27/2015, vest ratably over a 3-year period beginning on 4/27/2016.
The RSUs are granted under AZZ's 2014 Long Term Incentive Plan (the "2014 Plan") and vest over a three-year period with 1/3rd of the RSUs vesting on each of the first, second and third anniversaries of the grant date, beginning on 4/27/2017.
Each Performance Share Unit ("PSU") represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results.
The PSUs are issued under AZZ's 2014 Plan. The PSUs will vest and become payable, if at all, on the third anniversary from the date of grant, ranging from 0% to 200% based on AZZ achieving a 8.5% target average adjusted return on assets from March 1, 2016 to February 28, 2019. Actual payout will be subject to a multiplier up to a maximum of 250% of the target award if AZZ's total shareholder return for the three-year period ranks within the top quartile relative to each company in a custom industry peer group for the same period.
Tara D Mackey
2016-04-29