Simpson Manufacturing Company's President & CEO just cashed-in 27,000 options


Karen Winifred Colonias, Simpson Manufacturing Company's President & CEO and a director of the company, recently cashed-in 27,000 options. The options were exercised at prices ranging between $29.66 and $32.62, while the sales took place at $35.76 per share, on October 29, 2013. Colonias continues to hold 21,356 shares of the company. Colonias operates out of Pleasanton, CA. Some additional info was provided as follows:

Amount includes 14,577 shares of restricted stock units (RSUs) awarded on February 6, 2013. RSUs vest one fourth on each of the award date and the first, second and third anniversaries of the award date. The 14,577 shares are net of the number of shares expected to be withheld to cover the estimated income taxes due on vesting. Amount includes 3,567 s hares of restricted stock units (RSUs) awarded on January 30, 2012. RSUs vest one fourth on each of the award date and the first, second and third anniversaries of the award date. The 3,567 shares are net of the number of shares expected to be withheld to cover the estimated income taxes due on vesting. The shares are owned by the Simpson Manufacuturing Co., Inc. Profit Sharing Plan for Salaried Employees (the "Plan") of which the reporting person is a participant. The Plan is qualified under sections 401(a)(26) and 410 of the Internal Revenue Code. This date represents the date of the first monthly vesting period. This option vests equally over 48 months beginning with the date of grant. This date represents the date of the first annual vesting period. This option vests equally over four years beginning with the date of grant.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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