Sec Form 4 Filing - King David Lee @ Primoris Services Corp - 2014-03-24

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
King David Lee
2. Issuer Name and Ticker or Trading Symbol
Primoris Services Corp [ PRIM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
C/O PRIMORIS SERVICES CORPORTATION, 2300 NORTH FIELD STREET, SUITE 1900
3. Date of Earliest Transaction (MM/DD/YY)
03/24/2014
(Street)
DALLAS, TX75201
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 03/08/2019 A 8,929 A $ 15.81 ( 1 ) 15,171 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Restricted Stock Units ( 2 ) 03/24/2014 A 48,512 ( 3 ) ( 3 ) Common Stock 48,512 $ 0 48,512 D
Restricted Stock Units ( 2 ) 09/30/2015 A 74 ( 4 ) ( 4 ) Common Stock 74 $ 0 48,586 D
Resticted Stock Units ( 2 ) 12/31/2015 A 61 ( 4 ) ( 4 ) Common Stock 61 $ 0 48,647 D
Resticted Stock Units ( 2 ) 03/31/2016 A 55 ( 4 ) ( 4 ) Common Stock 55 $ 0 48,702 D
Resticted Stock Units ( 2 ) 06/30/2016 A 71 ( 4 ) ( 4 ) Common Stock 71 $ 0 48,773 D
Resticted Stock Units ( 2 ) 09/30/2016 A 65 ( 4 ) ( 4 ) Common Stock 65 $ 0 48,838 D
Resticted Stock Units ( 2 ) 12/31/2016 A 59 ( 4 ) ( 4 ) Common Stock 59 $ 0 48,897 D
Resticted Stock Units ( 2 ) 03/31/2017 A 116 ( 4 ) ( 4 ) Common Stock 116 $ 0 49,013 D
Resticted Stock Units ( 2 ) 06/30/2017 A 108 ( 4 ) ( 4 ) Common Stock 108 $ 0 49,121 D
Resticted Stock Units ( 2 ) 09/29/2017 A 92 ( 4 ) ( 4 ) Common Stock 92 $ 0 49,213 D
Resticted Stock Units ( 2 ) 12/29/2017 A 109 ( 4 ) ( 4 ) Common Stock 109 $ 0 49,322 D
Resticted Stock Units ( 2 ) 03/29/2018 A 118 ( 4 ) ( 4 ) Common Stock 118 $ 0 49,440 D
Resticted Stock Units ( 2 ) 06/29/2018 A 109 ( 4 ) ( 4 ) Common Stock 109 $ 0 49,549 D
Resticted Stock Units ( 2 ) 09/28/2019 A 120 ( 4 ) ( 4 ) Common Stock 120 $ 0 49,669 D
Resticted Stock Units ( 2 ) 12/31/2018 A 156 ( 4 ) ( 4 ) Common Stock 156 $ 0 49,825 D
Resticted Stock Units ( 2 ) 03/29/2019 A 145 ( 4 ) ( 4 ) Common Stock 145 $ 0 49,970 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
King David Lee
C/O PRIMORIS SERVICES CORPORTATION
2300 NORTH FIELD STREET, SUITE 1900
DALLAS, TX75201
X Chief Executive Officer
Signatures
/s/ Kenneth M. Dodgen, by power of attorney 04/03/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Purchased PRIM Common Stock shares as part of Primoris Services Corporation's (the "Company's") Long-Term Retention Plan. The Plan provides certain management employees the opportunity to purchase Company stock with a defined portion of their annual incentive compensation at a discount to the market price. Purchases were made at a 25% reduction to the average closing price during December 2018. Shares cannot be sold for 6 months.
( 2 )Each restricted stock unit represents a contingent right to receive one share of PRIM common stock or the cash value thereof on the date of settlement, in the Company's discretion.
( 3 )The restricted stock units vest in two equal annual installments, on September 24, 2015 and March 24, 2017. Vested restricted stock units will be settled in stock or cash on the earlier of (i) six months following the reporting person's termination of employment; (ii) the date of the reporting person's death or the date the reporting person becomes disabled; (iii) the date of a change in control of the Company; or (iv) March 24, 2022.
( 4 )Represents dividend equivalent units in the form of restricted stock units with respect to vested restricted stock units. Vested restricted stock units will be settled in stock or cash on the earlier of (i) six months following the reporting person's termination of employment; (ii) the date of the reporting person's death or the date the reporting person becomes disabled; (iii) the date of a change in control of the Company; or (iv) March 24, 2022.

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