Form Type: 4

SEC EDGAR Link
Accession Number:0001624794-20-000060
Date:2020-06-15
Issuer: CSW INDUSTRIALS, INC. (CSWI)
Original Submission Date:

Reporting Person:

ARMES JOSEPH B
5420 LYNDON B JOHNSON FWY
STE. 500 DALLAS, TX 75240-1007

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-06-15 S 888 d $70.07 46,187 direct
COMMON STOCK 2020-06-15 S 468 d $68.88 45,719 direct
COMMON STOCK 2020-06-15 S 1,144 d $67.75 44,575 direct
COMMON STOCK 2020-06-15 0 $0.00 9,502 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
OPTION (RIGHT TO BUY) 25.23 2020-06-15 deemed execution date 0 ( ) 2015-12-30 2024-08-28 common stock 85,981 $25.23 85,981 direct
OPTION (RIGHT TO BUY) 25.52 2020-06-15 deemed execution date 0 ( ) 2015-10-14 2023-07-15 common stock 29,877 $25.52 29,877 direct
PERFORMANCE RIGHTS 0.0 2020-06-15 deemed execution date 0 ( ) common stock 41,260 $0.00 41,260 direct
Footnotes
IDfootnote
f1 the transaction reported was effected pursuant to a 10b5-1 trading plan established by the reporting person on august 15, 2019.
f2 the price reported is a weighted average price. these shares were sold in multiple transactions at prices ranging from $69.73 to $70.65, 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 shares sold at each separate price within the range.
f3 the price reported is a weighted average price. these shares were sold in multiple transactions at prices ranging from $68.24 to $69.16, 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 shares sold at each separate price within the range.
f4 the price reported is a weighted average price. these shares were sold in multiple transactions at prices ranging from $67.21 to $68.10, 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 shares sold at each separate price within the range.
f5 each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. the performance rights vest at a rate between 0% and 200% during a three-year performance cycle ending on each of march 31, 2021, 2022 and 2023 based on the issuer's relative total shareholder return in comparison to the total shareholder return performance among the russell 2000 index over the performance cycle. the performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.
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