Sec Form 4 Filing - FERGUSON THOMAS E @ AZZ INC - 2019-09-29

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
FERGUSON THOMAS E
2. Issuer Name and Ticker or Trading Symbol
AZZ INC [ AZZ]
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 CEO
(Last) (First) (Middle)
ONE MUSEUM PLACE, SUITE 500, 3100 WEST 7TH STREET
3. Date of Earliest Transaction (MM/DD/YY)
09/29/2019
(Street)
FORT WORTH, TX76107
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 09/29/2019 M 30,000 ( 1 ) A $ 0 100,351 D
COMMON STOCK 09/29/2019 M 719 ( 2 ) A $ 0 101,070 D
COMMON STOCK 09/29/2019 F 12,087 ( 3 ) D $ 42.84 88,983 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 ( 4 ) 09/29/2019 M 30,000 ( 5 ) ( 6 ) COMMON STOCK 30,000 $ 0 30,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FERGUSON THOMAS E
ONE MUSEUM PLACE, SUITE 500
3100 WEST 7TH STREET
FORT WORTH, TX76107
X President and CEO
Signatures
/s/ Tara D. Mackey, attorney-in-fact for Thomas E. Ferguson 09/30/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On 10/10/2016, Mr. Ferguson was granted 30,000 restricted stock units ("RSUs") in connection with his Amended and Restated Employment Agreement with AZZ Inc. that he entered into on 9/29/2016 (the "Amended Agreement"). The RSUs cliff vested in full on 9/29/2019 upon the completion of the three-year term of the Amended Agreement.
( 2 )Represents the vesting of dividend equivalent rights that accrued on 30,000 RSUs granted to Mr. Ferguson on 10/10/2016, which AZZ elected to pay in shares of AZZ common stock. These dividend equivalent rights vest when, and if, the underlying RSUs vest.
( 3 )Mr. Ferguson disposed of 12,087 shares of common stock to satisfy tax withholding obligations.
( 4 )Each RSU represents a contingent right to receive one share of AZZ common stock upon vesting.
( 5 )The RSUs granted on 10/10/2016 cliff vested in full on 9/29/2019 upon Mr. Ferguson's completion of the three-year term of his Amended Agreement with AZZ.
( 6 )Once vested and converted into common stock, the RSUs are not subject to expiration.

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).
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