Statement of Changes in Beneficial Ownership (4)
December 11 2020 - 5:01PM
Edgar (US Regulatory)
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
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1. Name and Address of Reporting Person
*
Kitchen Dennis M |
2. Issuer Name and Ticker or Trading Symbol
AZEK Co Inc.
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AZEK
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CHRO |
(Last)
(First)
(Middle)
1330 W. FULTON STREET, SUITE 350 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/9/2020 |
(Street)
CHICAGO, IL 60607
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 12/9/2020 | | M | | 40000 | A | $23.00 | 275901 | D | |
Class A Common Stock | 12/9/2020 | | S | | 40000 | D | $34.57 (1) | 235901 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 |
Non-qualified stock option (right-to-buy) | $23.00 | 12/9/2020 | | M | | | 40000 | (2) | 6/16/2030 | Class A Common Stock | 40000 (3) | $0.00 | 46956 | D | |
Explanation of Responses: |
(1) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.50 to $34.78, inclusive. The reporting person undertakes to provide to AZEK, any security holder of AZEK, or the staff of the SEC, upon request, full information regarding the number of options exercised at each separate price within the range set forth in this footnote. |
(2) | These non-qualified stock options were granted on June 16, 2020 and vested on September 10, 2020. |
(3) | These non-qualified stock options were granted on June 16, 2020 and includes 38,261 vested options and 8,695 options that will vest on December 6, 2021, subject to continued service through the applicable vesting date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Kitchen Dennis M 1330 W. FULTON STREET SUITE 350 CHICAGO, IL 60607 |
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| CHRO |
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Signatures
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/s/ Paul J. Kardish, attorney-in-fact for Dennis M. Kitchen | | 12/11/2020 |
**Signature of Reporting Person | Date |
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