Brian J. Sasadu - 15 Feb 2022 Form 4 Insider Report for BlueLinx Holdings Inc. (BXC)

Role
Chief Human Resource Officer
Signature
/s/ Shyam K. Reddy, as attorney-in-fact for Brian J. Sasadu
Issuer symbol
BXC
Transactions as of
15 Feb 2022
Net transactions value
-$89,646
Form type
4
Filing time
17 Feb 2022, 15:15:53 UTC
Previous filing
09 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BXC Common Stock Options Exercise +802 +15% 6,202 15 Feb 2022 Direct F1, F2
transaction BXC Common Stock Tax liability $21,083 -242 -3.9% $87.12 5,960 15 Feb 2022 Direct F3
transaction BXC Common Stock Options Exercise +2,405 +40% 8,365 15 Feb 2022 Direct F2, F4
transaction BXC Common Stock Tax liability $68,563 -787 -9.4% $87.12 7,578 15 Feb 2022 Direct F5

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 -802 -100% $0.000000* 0 15 Feb 2022 Common Stock 802 Direct F1, F2
transaction BXC Restricted Stock Units Options Exercise $0 -2,405 -100% $0.000000* 0 15 Feb 2022 Common Stock 2,405 Direct F2, F4
holding BXC Restricted Stock Units 1,803 15 Feb 2022 Common Stock 1,803 Direct F2, F6
holding BXC Restricted Stock Units 5,333 15 Feb 2022 Common Stock 5,333 Direct F2, F7
holding BXC Restricted Stock Units 4,200 15 Feb 2022 Common Stock 4,200 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 February 15, 2022. These time-based restricted stock units vested in three equal annual installments commencing on February 15, 2020.
F2 Each restricted stock unit represents a contingent right to receive one share of BlueLinx Holdings Inc. common stock.
F3 These shares were withheld to cover tax withholding obligations when 802 time-based restricted stock units vested on February 15, 2022.
F4 Represents the conversion of restricted stock units that vested on February 15, 2022. These performance-based restricted stock units were granted on February 15, 2019. The performance criteria were satisfied on November 12, 2020, upon certification by the Compensation Committee of the Board of Directors. These performance-based restricted stock units vested on February 15, 2022.
F5 These shares were withheld to cover tax withholding obligations when 2,405 performance-based restricted stock units vested on February 15, 2022.
F6 These are time- based restricted stock units that vest in three equal annual installments commencing on June 7, 2020. Vested shares will be delivered to the reporting person not later than 30 days after each vesting date.
F7 These are time-based restricted stock units that vest in three equal annual installments commencing on June 8, 2021. Vested shares will be delivered to the reporting person not later than 30 days after each vesting date.
F8 These are time-based restricted stock units that vest in three equal annual installments commencing on June 8, 2022. Vested shares will be delivered to the reporting person not later than 30 days after each vesting date.