Shyam K. Reddy - Jun 7, 2021 Form 4 Insider Report for BlueLinx Holdings Inc. (BXC)

Role
Chief Administrative Officer
Signature
Sean Ehni, as attorney-in-fact for Shyam K. Reddy
Stock symbol
BXC
Transactions as of
Jun 7, 2021
Transactions value $
-$363,422
Form type
4
Date filed
6/9/2021, 05:28 PM
Next filing
Aug 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BXC Common Stock Options Exercise +3.88K +15.96% 28.2K Jun 7, 2021 Direct F1, F2
transaction BXC Common Stock Tax liability -$52.5K -1.17K -4.15% $44.96 27K Jun 7, 2021 Direct F3
transaction BXC Common Stock Options Exercise +1.08K +4.02% 28.1K Jun 8, 2021 Direct F2, F4
transaction BXC Common Stock Tax liability -$21.7K -489 -1.74% $44.46 27.6K Jun 8, 2021 Direct F5
transaction BXC Common Stock Options Exercise +3.25K +11.79% 30.8K Jun 8, 2021 Direct F2, F6
transaction BXC Common Stock Tax liability -$65.2K -1.47K -4.76% $44.46 29.4K Jun 8, 2021 Direct F7
transaction BXC Common Stock Options Exercise +12K +40.86% 41.4K Jun 8, 2021 Direct F2, F8
transaction BXC Common Stock Tax liability -$224K -5.04K -12.18% $44.46 36.3K Jun 8, 2021 Direct F9

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 -3.88K -50% $0.00 3.88K Jun 7, 2021 Common Stock 3.88K Direct F1, F2
transaction BXC Restricted Stock Units Options Exercise $0 -1.08K -100% $0.00* 0 Jun 8, 2021 Common Stock 1.08K Direct F2, F4
transaction BXC Restricted Stock Units Options Exercise $0 -3.25K -100% $0.00* 0 Jun 8, 2021 Common Stock 3.25K Direct F2, F6
transaction BXC Restricted Stock Units Options Exercise $0 -12K -33.33% $0.00 24K Jun 8, 2021 Common Stock 12K Direct F2, F8
transaction BXC Restricted Stock Units Award $0 +8.91K $0.00 8.91K Jun 8, 2021 Common Stock 8.91K Direct F2, F10
* 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 June 7, 2021. 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.
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 3,875 time-based restricted stock units vested on June 7, 2021.
F4 Represents the conversion of restricted stock units that vested on June 8, 2021. These are time-based restricted stock units that vested in three equal annual installments commencing on June 8, 2019.
F5 These shares were withheld to cover tax withholding obligations when 1,084 time-based restricted stock units vested on June 8, 2021.
F6 Represents the conversion of performance-based restricted stock units that vested on June 8, 2021. These are performance-based restricted stock units that were granted on June 8, 2018. The performance criteria were satisfied on November 12, 2020 and certified by the Compensation Committee of the Board of Directors.
F7 These shares were withheld to cover tax withholding obligations when 3,252 performance-based restricted stock units vested on June 8, 2021.
F8 Represents the conversion of restricted stock units that vested on June 8, 2021. 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.
F9 These shares were withheld to cover tax withholding obligations when 12,000 time-based restricted stock units vested on June 8, 2021.
F10 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.