0001209191-23-035575.txt : 20230608 0001209191-23-035575.hdr.sgml : 20230608 20230608190601 ACCESSION NUMBER: 0001209191-23-035575 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230606 FILED AS OF DATE: 20230608 DATE AS OF CHANGE: 20230608 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LeClair Stephen O CENTRAL INDEX KEY: 0001659312 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40650 FILM NUMBER: 231003406 MAIL ADDRESS: STREET 1: 3100 CUMBERLAND BLVD STREET 2: SUITE 1700 CITY: ATLANTA STATE: GA ZIP: 30339 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Core & Main, Inc. CENTRAL INDEX KEY: 0001856525 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DURABLE GOODS, NEC [5099] IRS NUMBER: 863149194 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1830 CRAIG PARK COURT CITY: ST. LOUIS STATE: MO ZIP: 63146 BUSINESS PHONE: 314-432-4700 MAIL ADDRESS: STREET 1: 1830 CRAIG PARK COURT CITY: ST. LOUIS STATE: MO ZIP: 63146 4 1 doc4.xml FORM 4 SUBMISSION X0407 4 2023-06-06 0 0001856525 Core & Main, Inc. CNM 0001659312 LeClair Stephen O C/O CORE & MAIN, INC. 1830 CRAIG PARK COURT ST. LOUIS MO 63146 1 1 0 0 Chief Executive Officer 1 Class A Common Stock 2023-06-06 4 C 0 4288 0.00 A 77980 D Class A Common Stock 2023-06-06 4 S 0 4288 28.7578 D 73692 D Class A Common Stock 2023-06-07 4 C 0 35712 0.00 A 109404 D Class A Common Stock 2023-06-07 4 S 0 35712 28.7746 D 73692 D Class A Common Stock 242 I By LLC Class B Common Stock and Limited Partnership Interests 2023-06-06 5 J 0 E 4288 0.00 D Class A Common Stock 4288 2308415 I By LLC Class B Common Stock and Limited Partnership Interests 2023-06-06 5 J 0 E 4288 0.00 A Class A Common Stock 4288 4288 D Class B Common Stock and Limited Partnership Interests 2023-06-06 4 C 0 4288 0.00 D Class A Common Stock 4288 0 D Class B Common Stock and Limited Partnership Interests 2023-06-07 5 J 0 E 35712 0.00 D Class A Common Stock 35712 2272703 I By LLC Class B Common Stock and Limited Partnership Interests 2023-06-07 5 J 0 E 35712 0.00 A Class A Common Stock 35712 35712 D Class B Common Stock and Limited Partnership Interests 2023-06-07 4 C 0 35712 0.00 D Class A Common Stock 35712 0 D On June 6, 2023, pursuant to the terms of an exchange agreement, dated as of July 22, 2021 (as amended, the "Exchange Agreement"), 4,288 shares of Class B common stock of the Issuer ("Class B common stock") and limited partnership interests of Core & Main Holdings, LP (together, a "Paired Interest") were exchanged for shares of Class A common stock of the Issuer ("Class A common stock"), on a one-for-one basis. On June 6, 2023, pursuant to the terms of the Third Amended and Restated LLC Agreement of Core & Main Management Feeder, LLC ("Management Feeder"), dated as of July 22, 2021 (as amended, the "LLC Agreement"), 4,288 vested common units ("Units") held directly by the reporting person were redeemed at the discretion of the reporting person for 4,288 Paired Interests. Includes 73,692 restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of Class A common stock. The unvested portion of the RSUs granted on March 11, 2022 vest in two equal installments on March 11, 2024 and March 11, 2025, subject to the reporting person remaining employed with the Issuer through each vesting date. The RSUs granted on March 10, 2023 vest in three equal installments on March 10, 2024, March 10, 2025 and March 10, 2026, subject to the reporting person remaining employed with the Issuer through each vesting date. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 13, 2023. The price reported represents the weighted average price of shares of Class A common stock sold in multiple transactions at prices ranging from $28.7500 to $28.8000 per share. The reporting person will provide to the Issuer, or the Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range. On June 7, 2023, pursuant to the terms of the Exchange Agreement, 35,712 Paired Interests were exchanged for shares of Class A common stock, on a one-for-one basis. On June 7, 2023, pursuant to the terms of the LLC Agreement, 35,712 vested Units held directly by the reporting person were redeemed at the discretion of the reporting person for 35,712 Paired Interests. The price reported represents the weighted average price of shares of Class A common stock sold in multiple transactions at prices ranging from $28.7500 to $28.8400 per share. The reporting person will provide to the Issuer, or the Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range. Represents securities held by Management Feeder in respect of Units directly held by the reporting person. Pursuant to the LLC Agreement, such vested Units held by the reporting person are redeemable at the discretion of the reporting person for shares of Class A common stock, on a one-for-one basis. Represents securities held by Management Feeder in respect of Units directly held by the reporting person. Pursuant to the LLC Agreement, such vested Units held by the reporting person are redeemable at the discretion of the reporting person for Paired Interests, on a one-for-one basis. Pursuant to the terms of the Exchange Agreement, Paired Interests are exchangeable at the discretion of the reporting person for shares of Class A common stock on a one-for-one basis or, at the election of a majority of the disinterested members of the Issuer's board of directors, for cash from a substantially concurrent public offering or private sale (based on the price of Class A common stock sold in such public offering or private sale, net of any underwriting discounts and commissions, for each limited partnership interest exchanged, subject to certain exceptions, conditions and adjustments). The Class B common stock and limited partnership interests have no expiration date. /s/ Mark Whittenburg, as Attorney-in-Fact for Stephen O. LeClair 2023-06-08