Mitchell B. Lewis - Jun 7, 2021 Form 4 Insider Report for BlueLinx Holdings Inc. (BXC)

Role
Director
Signature
/s/Shyam K. Reddy, as attorney-in-fact for Mitchell B. Lewis
Stock symbol
BXC
Transactions as of
Jun 7, 2021
Transactions value $
-$2,935,313
Form type
4
Date filed
6/9/2021, 04:03 PM
Previous filing
Jun 4, 2021
Next filing
Jun 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BXC Common Stock Options Exercise +38.3K 38.3K Jun 7, 2021 Direct F1, F2
transaction BXC Common Stock Tax liability -$777K -17.3K -45.1% $44.96 21K Jun 7, 2021 Direct F3
transaction BXC Common Stock Options Exercise +66.7K +316.8% 87.7K Jun 8, 2021 Direct F2, F4
transaction BXC Common Stock Tax liability -$1.34M -30.1K -34.28% $44.46 57.6K Jun 8, 2021 Direct F5
transaction BXC Common Stock Options Exercise +30.7K +53.28% 88.4K Jun 8, 2021 Direct F2, F6
transaction BXC Common Stock Tax liability -$616K -13.9K -15.68% $44.46 74.5K Jun 8, 2021 Direct F7
transaction BXC Common Stock Options Exercise +10.2K +13.74% 84.7K Jun 8, 2021 Direct F2, F8
transaction BXC Common Stock Tax liability -$205K -4.62K -5.45% $44.46 80.1K Jun 8, 2021 Direct F9
holding BXC Common Stock 20.8K Jun 7, 2021 By grantor retained annuity trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BXC Restricted Stock Units Options Exercise $0 -38.3K -100% $0.00* 0 Jun 7, 2021 Common Stock 38.3K Direct F1, F2
transaction BXC Restricted Stock Units Options Exercise $0 -66.7K -100% $0.00* 0 Jun 8, 2021 Common Stock 66.7K Direct F2, F4
transaction BXC Restricted Stock Units Options Exercise $0 -30.7K -100% $0.00* 0 Jun 8, 2021 Common Stock 30.7K Direct F2, F6
transaction BXC Restricted Stock Units Options Exercise $0 -10.2K -100% $0.00* 0 Jun 8, 2021 Common Stock 10.2K Direct F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of restricted stock units that vested on June 7, 2021. These are time-based restricted stock units that were scheduled to vest in three equal annual installments commencing on June 7, 2020. However, pursuant to the Retirement and Transition Services Agreement (the "Retirement Agreement") the reporting person entered into with the Company on April 15, 2021, the time-based restricted stock units that were scheduled to vest on June 7, 2022 were accelerated to vest on June 7, 2021. As a result, this amount represents the conversion of restricted stock units that were scheduled to vest on June 7, 2022 as well.
F2 Each restricted stock unit represents a contingent right to receive one share of BlueLinx Holdings Inc. (the "Company") common stock.
F3 These shares were withheld to cover tax withholding obligations when 38,333 time-based restricted stock units vested on June 7, 2021.
F4 Represents the conversion of restricted stock units that vested on June 8, 2021. These are time-based restricted stock units that were scheduled to vest in three equal annual installments commencing on June 8, 2021. However, pursuant to the Retirement Agreement, the time-based restricted stock units that were scheduled to vest on June 8, 2022 were accelerated to vest on June 8, 2021. As a result, this amount represents the conversion of restricted stock units that were scheduled to vest on June 8, 2022 as well. The remainder of the time-based restricted stock units that were scheduled to vest on June 8, 2023 were forfeited pursuant to the Retirement Agreement.
F5 These shares were withheld to cover tax withholding obligations when 66,667 restricted stock units vested on June 8, 2021.
F6 Represents the conversion of performance-based restricted stock units that vested on June 8, 2021. These are performance-based restricted stock units that were granted on June 8, 2018. The performance criteria were satisfied on November 12, 2020 and certified by the Compensation Committee of the Board of Directors.
F7 These shares were withheld to cover tax withholding obligations when 30,715 performance-based restricted stock units vested on June 8, 2021.
F8 Represents the conversion of restricted stock units that vested on June 8, 2021. These are time-based restricted stock units that vested in three equal annual installments commencing on June 8, 2019.
F9 These shares were withheld to cover tax withholding obligations when 10,239 time-based restricted stock units vested on June 8, 2021.