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