Victor Grizzle - Dec 16, 2021 Form 4 Insider Report for ARMSTRONG WORLD INDUSTRIES INC (AWI)

Role
CEO, Director
Signature
/s/ Bryan Y.M. Tham, Attorney-in-fact
Stock symbol
AWI
Transactions as of
Dec 16, 2021
Transactions value $
$0
Form type
4
Date filed
12/17/2021, 06:01 PM
Previous filing
Nov 19, 2021
Next filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AWI Common Stock Options Exercise $3.49M +31.3K +10.22% $111.26 338K Dec 16, 2021 Direct F1
transaction AWI Common Stock Sale -$2.2M -19.9K -5.89% $110.65 318K Dec 16, 2021 Direct F1, F2
transaction AWI Common Stock Sale -$555K -4.97K -1.56% $111.66 313K Dec 16, 2021 Direct F1, F3
transaction AWI Common Stock Sale -$650K -5.77K -1.84% $112.75 307K Dec 16, 2021 Direct F1, F4
transaction AWI Common Stock Sale -$79.6K -700 -0.23% $113.65 307K Dec 16, 2021 Direct F1, 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 AWI Stock Options (Right to Buy) Options Exercise $0 -31.3K -50% $0.00 31.3K Dec 16, 2021 Common Stock 31.3K $37.83 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options exercised and shares sold pursuant to a 10b5-1 Plan. Options exercised had a ten year exercise term limit and were scheduled to expire in February 2022, as reflected in this Form 4.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $110.21 to $111.21. The reporting person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $111.22 to $112.17. The reporting person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $112.23 to $113.21. The reporting person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $113.24 to $113.885. The reporting person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The stock options were granted on February 28, 2012. Grant has a graded vesting schedule. Date Exercisable will vary for each vesting tranche. All options are currently vested and exercisable.