David E. Thoresen - Jul 28, 2021 Form 3 Insider Report for Armstrong Flooring, Inc. (AFIIQ)

Role
SVP, Chief Product Innovation
Signature
/s/Christopher S. Parisi, as Attorney-in-Fact
Stock symbol
AFIIQ
Transactions as of
Jul 28, 2021
Transactions value $
$0
Form type
3
Date filed
8/27/2021, 04:19 PM
Next filing
Dec 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AFIIQ Common Stock 11.9K Jul 28, 2021 Direct

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
holding AFIIQ Restricted Stock Units Jul 28, 2021 Common Stock 33.3K Direct F1, F2
holding AFIIQ Performance Restricted Stock Units Jul 28, 2021 Common Stock 38.7K Direct F1, F3
holding AFIIQ Performance Restricted Stock Units Jul 28, 2021 Common Stock 29.6K Direct F1, F4
holding AFIIQ Restricted Stock Units Jul 28, 2021 Common Stock 8.45K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock under the Issuer's 2016 Long-Term Incentive Plan, as amended and restated (the "Plan").
F2 50,000 restricted stock units were granted to the Reporting Person on December 11, 2019, of which 16,666 vested on December 11, 2020, the first anniversary of the grant. The remaining units will vest as follows: (1) 16,667 on the second anniversary of the grant, and (2), 16,667 on the third anniversary of the grant (contingent upon the Reporting Person's employment with the Issuer on the scheduled vesting date, except as provided under the Plan).
F3 The performance restricted stock units were granted to the Reporting Person on March 24, 2020 under the Plan and will be earned contingent upon the Issuer's common stock achieving the per share price targets set forth in the award agreement as determined by the average closing price of the Issuer's common stock over the twenty (20) days immediately following the date of the Issuer's 2023 release of fourth quarter and full year 2022 results such date to be determined by the Issuer's Board of Directors (contingent upon the Reporting Person's employment with the Issuer through the applicable measurement date, subject to the terms of the award agreement).
F4 The performance restricted stock units were granted to the Reporting Person on April 1, 2021 under the Plan and will be earned contingent upon the Issuer's common stock achieving the per share price targets set forth in the award agreement as determined by the average closing price of the Issuer's common stock over the twenty (20) days immediately following the date of the Issuer's 2024 release of fourth quarter and full year 2023 results such date to be determined by the Issuer's Board of Directors (contingent upon the Reporting Person's employment with the Issuer through the applicable measurement date, subject to the terms of the award agreement).
F5 The restricted stock units were granted to the Reporting Person on April 1, 2021 under the Plan. The restricted stock units will vest in equal installments on the first, second and third anniversaries of the grant (contingent upon the Reporting Person's employment with the Issuer on the scheduled vesting date, subject to the terms of the award agreement).