Unassociated Document
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
________________________________________
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
 
Date of Report (Date of earliest event reported):  February 16, 2011
 
VULCAN MATERIALS COMPANY
(Exact name of registrant as specified in its charter)
 
 
New Jersey
___________________________
(State or other jurisdiction
of incorporation)
 
001-33841
_____________________________
(Commission File Number)
 
 
20-8579133
___________________________
(IRS Employer Identification No.)
 
 
 
1200 Urban Center Drive
Birmingham, Alabama 35242
(Address of principal executive offices) (zip code)
 
(205) 298-3000
Registrant's telephone number, including area code:
 
Not Applicable
(Former name or former address if changed since last report)
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 
 
 
 
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Item 1.01   Entry into a Material Definitive Agreement.
 
2011 Compensation Arrangements.

Long-Term Incentive Awards:

On February 16, 2011, the Compensation Committee authorized long-term incentive awards to be granted on March 1, 2011, to the NEOs pursuant to the Company’s 2006 Omnibus Long-Term Incentive Plan.

The following table sets forth the awards to be granted on March 1, 2011.  The SOSARs will have an exercise price equal to the closing price on the grant date.

 
Named Executive
 
Title
Performance Share Units
SOSAR
Units
Donald M. James
Chairman and Chief Executive Officer
66,300
65,400
Daniel F. Sansone
Executive Vice President and Chief Financial Officer
21,600
21,200
Danny R. Shepherd
Executive Vice President, Construction Materials
20,600
 20,300
Ronald G. McAbee(1)
Senior Vice President, Construction Materials – West
 0
0
Robert A. Wason IV
Senior Vice President and General Counsel
10,100
10,000
 
 (1) Mr. McAbee retired effective February 1, 2011.
 
The Company has previously reported on Form 8-K the salary and short-term bonus opportunities for each of the NEOs for 2011.
 
 
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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant had duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
     
  Vulcan Materials Company  
       
Date:  February 22, 2011
By:
/s/ Robert A Wason IV  
      Robert A. Wason IV  
       
       


 
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