UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (Right to Buy) | Â (2) | 02/08/2022 | Common Stock | 3,121 | $ 14.76 | D | Â |
Market Share Units | Â (3) | 12/31/2015 | Common Stock | 1,436 | $ (4) | D | Â |
Market Share Units | Â (5) | Â (5) | Common Stock | 2,323 | $ (4) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Press Jeanette A. C/O USG CORPORATION 550 WEST ADAMS STREET CHICAGO, IL 60661 |
 |  |  Vice President |  |
/s/ Jessica A. Garascia, Attorney-In-Fact | 01/05/2015 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Includes 6,069 restricted stock units that vest over time. Each unit represents the right to receive one share of common stock. |
(2) | This option is 50% vested. The balance vests in two equal annual installments beginning on February 8, 2015. |
(3) | The market share units will be earned, if at all, one-half on December 31, 2014 and one-half on December 31, 2015, in each case if predetermined market price targets of Issuer's common stock are attained. |
(4) | Each market share unit represents the right to receive one share of common stock assuming certain market price targets are achieved. The market share units vesting and the actual number of shares received are contingent on Issuer's common stock achieving certain predefined market price levels during pre-determined intervals and continued employment. |
(5) | Generally, the market shares unit will be earned, if at all, on the fifteenth day in 2017 on which the New York Stock Exchange is open for trading if pre-determined market price targets of Issuer's common stock are attained, provided that the reporting person remains continuously employed by the Issuer or a subsidiary through December 31, 2016. |