FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

POWERS JOHN J
2. Issuer Name and Ticker or Trading Symbol

AEP INDUSTRIES INC [ AEPI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President and COO
(Last)          (First)          (Middle)

95 CHESTNUT RIDGE ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

7/5/2016
(Street)

MONTVALE, NJ 07645
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   1/17/2017     A    3612   (1) A $0   28072   (2) D    
Common Stock   7/5/2016     G   V 120   D $0   144391   I   By Spouse  
Common Stock                  20236   I   2012 Lauren Powers Trust for benefit of Son   (3)
Common Stock                  22454   I   2012 Lauren Powers Trust for benefit of Son   (3)
Common Stock                  25236   I   2012 Lauren Powers trust for benefit of Son   (3)
Common Stock                  25236   I   2012 Lauren Powers trust for benefit of Daughter   (3)
Common Stock                  87489   I   By spouse as trustee of GRAT #9   (4)
Common Stock                  4433   I   ESOP   (5)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Vests at 20% per annum commencing January 17, 2017, and thereafter on January 7th.
( 2)  An additional 3,510 shares of common stock have been deducted from total holdings since the last Form 4 filing due to the reporting person's election to receive cash in lieu of shares upon the vesting of performance units on January 5, 2017, January 7, 2017, and January 17, 2017.
( 3)  The 2012 Lauren Powers Trusts for the benefit of her children were established by Mrs. Powers with Mr. Powers as trustee. The reporting person disclaims beneficial ownership of these securities except to his pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
( 4)  Grantor Retained Annuity Trust (GRAT) #9 was established by Mr. Brendan Barba, and the trustees of the GRAT are Mr. Paul M. Feeney (Executive Vice President, Finance and CFO of AEP Industries Inc.) and the two daughters of Mr. Barba (who are also co-beneficiaries of the GRAT.) Mr. Powers is the spouse of one such daughter. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
( 5)  Includes 10 shares acquired on November 16, 2016 through the dividend reinvestment feature of the AEP industries Inc. 401k Plan.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
POWERS JOHN J
95 CHESTNUT RIDGE ROAD
MONTVALE, NJ 07645
X
President and COO

Signatures
/s/ John F. Hughes, Jr., Attorney-in-fact 1/19/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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