0001209191-17-042786.txt : 20170703 0001209191-17-042786.hdr.sgml : 20170703 20170703144139 ACCESSION NUMBER: 0001209191-17-042786 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170629 FILED AS OF DATE: 20170703 DATE AS OF CHANGE: 20170703 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WORTHINGTON INDUSTRIES INC CENTRAL INDEX KEY: 0000108516 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310] IRS NUMBER: 311189815 STATE OF INCORPORATION: OH FISCAL YEAR END: 0531 BUSINESS ADDRESS: STREET 1: 200 OLD WILSON BRIDGE ROAD CITY: COLUMBUS STATE: OH ZIP: 43085 BUSINESS PHONE: 6144383210 MAIL ADDRESS: STREET 1: 200 OLD WILSON BRIDGE ROAD CITY: COLUMBUS STATE: OH ZIP: 43085 FORMER COMPANY: FORMER CONFORMED NAME: WORTHINGTON STEEL CO DATE OF NAME CHANGE: 19720123 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: WELCH RICHARD G CENTRAL INDEX KEY: 0001194138 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08399 FILM NUMBER: 17945239 MAIL ADDRESS: STREET 1: 200 OLD WILSON BRIDGE ROAD CITY: COLUMBUS STATE: OH ZIP: 43085 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2017-06-29 0 0000108516 WORTHINGTON INDUSTRIES INC WOR 0001194138 WELCH RICHARD G 200 OLD WILSON BRIDGE ROAD COLUMBUS OH 43085 0 1 0 0 Controller Common Shares 2017-06-29 4 A 0 1200 0.00 A 28567 D Common Shares 2017-06-30 4 A 0 462 0.00 A 29029 D Common Shares 2017-06-30 4 F 0 162 50.22 D 28867 D Common Shares 2017-06-30 4 F 0 383 50.22 D 28484 D Common Shares 47.76 2017-06-29 4 A 0 1200 0.00 A 2018-06-29 2027-06-29 Common Shares 1200 1200 D Phantom Stock Common Shares 5661 5661 D This is a voluntary filing to disclose a transaction involving a gift of securities by the Reporting Person to a charity. An award of restricted stock was granted pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan. The restricted stock will vest on the third anniversary of the grant date (6/29/2020). A long-term performance share award was granted on June 1, 2014 pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan. Common Shares were to be earned based on the level of achievement of specified performance objectives over the three-year period ended May 31, 2017. On June 28, 2017, the Compensation Committee of the Company's Board of Directors met and approved the payout of the reported common shares based on the performance of the Company for the three year period ended May 31, 2017. Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation upon such vesting. 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 will vest. Additional portions of 33.33% of the option vest annually on 6/30/2019 and 06/30/2020. The accounts track common shares on a one-for-one basis Prior to October 1, 2014, the account balances related to the theoretical common shares investment option could be immediately transferred to other investment options under the terms of the deferred compensation plans. The Company amended its Amended and Restated 2005 Deferred Compensation Plan (the "Plan") effective October 1, 2014. The amendment includes a provision that effective October 1, 2014 and thereafter, any amount credited in a participant's account to the phantom stock fund (i.e. theoretical Company common shares deemed investment option) may not be transferred to an alternative deemed investment option under the Plan until distribution from the Plan. Distributions are made only in common shares on the Company and generally commence upon leaving the Company. The amount shown reflects additional theoretical common shares (i.e. phantom stock) credited pursuant to the dividend reinvestment feature of Worthington Industries, Inc.'s Deferred Compensation Plan /s/Dale T. Brinkman, as attorney-in fact for Richard G. Welch 2017-07-03