Statement of Changes in Beneficial Ownership (4)
10 Mai 2023 - 03:53PM
Edgar (US Regulatory)
FORM 4
☐ Check this
box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person * MCCONNELL JOHN
P/OH |
2. Issuer Name and Ticker or Trading
Symbol WORTHINGTON INDUSTRIES INC [ WOR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director __X__
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
Executive Chairman |
(Last)
(First)
(Middle)
WORTHINGTON INDUSTRIES, INC., 200 OLD WILSON BRIDGE
ROAD |
3. Date of Earliest Transaction (MM/DD/YYYY)
5/9/2023
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(Street)
COLUMBUS, OH 43085 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
(City)
(State)
(Zip)
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Rule 10b5-1(c) Transaction Indication
☐ Check this box to indicate
that a transaction was made pursuant to a contract, instruction or
written plan that is intended to satisfy the affirmative defense
conditions of Rule 10b5-1(c). See Instruction 10. |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Shares |
5/9/2023 |
|
M |
|
17000 |
A |
$31.71 |
1355633 |
D |
|
Common Shares |
5/9/2023 |
|
S |
|
17000 |
D |
$57.52 (1) |
1338633 |
D |
|
Common Shares |
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|
|
|
|
|
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12415982 |
I |
By JMAC, Inc. |
Common Shares |
|
|
|
|
|
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2428312 |
I |
By the Porter Rardin Trust f/b/o John P.
McConnell and Margaret Kollis |
Common Shares |
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|
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|
|
8173 |
I |
As custodian for his son,
C.R.McConnell |
Common Shares |
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|
|
|
|
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|
7343 |
I |
By Spouse, Amy McConnell, as custodian for her
son, Luke A. Edmonds |
Common Shares |
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|
|
|
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118000 |
I |
By The McConnell Family
Trust |
Common Shares |
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|
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|
|
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255875 |
I |
By The Margaret R. McConnell Trust f/b/o Margaret
Kollis |
Common Shares |
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|
|
|
|
|
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25225.47 (2) |
I |
By the Worthington Industries, Inc. Deferred
Profit Sharing Plan |
Common Shares |
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44250 |
I |
By McConnell 2020 LAE Trust (3) |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Non-qualified stock option (right to
buy) |
$31.71 |
5/9/2023 |
|
M |
|
|
17000 |
6/28/2014 (4) |
6/28/2023 |
Common Shares |
17000 |
$0.00 |
0 |
D |
|
Explanation of
Responses: |
(1) |
The price reported is a
weighted average price. These common shares were sold in multiple
transactions at prices ranging from $57.18 to $57.92, inclusive.
The reporting person undertakes to provide to the Issuer, any
security holder of the Issuer, or the staff of the Securities and
Exchange Commission, upon request, full information regarding the
number of common shares sold at each separate price within the
ranges set forth. |
(2) |
Amount listed is the most
up-to-date information available regarding holdings in the Company
Stock Fund under the Worthington Industries, Inc. Deferred Profit
Sharing Plan and is based on a Plan statement as of
4/30/2023. |
(3) |
These common shares are held
in an irrevocable trust for the benefit of the son of the reporting
person's spouse. The reporting person's spouse is the trustee of
such irrevocable trust. |
(4) |
This non-qualified stock
option was granted pursuant to the Worthington Industries, Inc.
2010 Stock Option Plan. Date listed is the first day any portion of
the option vested. Additional portions of 33.33% of the option
vested annually on 6/28/2015 and 6/28/2016. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
MCCONNELL JOHN P/OH
WORTHINGTON INDUSTRIES, INC.
200 OLD WILSON BRIDGE ROAD
COLUMBUS, OH 43085 |
X |
X |
Executive Chairman |
|
Signatures
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/s/John P. McConnell by Patrick J. Kennedy, as
attorney-in-fact |
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5/10/2023 |
**Signature of Reporting
Person |
Date |
Reminder: Report on a separate line for each class
of securities beneficially owned directly or
indirectly. |
* |
If the form is filed by more than one
reporting person, see Instruction 4(b)(v). |
** |
Intentional misstatements or omissions
of facts constitute Federal Criminal Violations. See 18
U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: |
File three copies of this Form, one of
which must be manually signed. If space is insufficient, see
Instruction 6 for procedure. |
Persons who respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number. |
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