Jamie Schnur Form 3 DREW INDUSTRIES / Jamie Schnur ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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^*

Schnur Jamie

(Last)

(First)

(Middle)

C/O DREW INDUSTRIES INCORPORATED

3501 COUNTY ROAD 6 EAST

(Street)

ELKHART

46514

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/21/2015

3. Issuer Name and Ticker or Trading Symbol
DREW INDUSTRIES Inc [ DW ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Administrative Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,115	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Options	11/29/2011⁽¹⁾	11/29/2016	Common Stock	1,600	13.67	D
Employee Stock Options	11/15/2012⁽¹⁾	11/15/2017	Common Stock	3,440	17.17	D
Deferred Stock Units	11/29/2015	11/29/2015	Common Stock	3,029	0.0⁽²⁾	D
Deferred Stock Units	11/15/2016	11/15/2016	Common Stock	3,246	0.0⁽²⁾	D
Deferred Stock Units	11/20/2015⁽³⁾	11/20/2017	Common Stock	3,400	0.0⁽²⁾	D
Deferred Stock Units	02/15/2017	02/15/2017	Common Stock	4,200⁽⁴⁾	0.0⁽²⁾	D
Deferred Stock Units	11/20/2014⁽⁵⁾	11/20/2018	Common Stock	2,579	0.0⁽²⁾	D
Deferred Stock Units	03/01/2018	03/01/2018	Common Stock	4,053⁽⁶⁾	0.0⁽²⁾	D
Deferred Stock Units	01/01/2016⁽⁷⁾	12/31/2019	Common Stock	3,101	0.0⁽²⁾	D
Deferred Stock Units	11/20/2015⁽⁵⁾	11/20/2019	Common Stock	3,101	0.0⁽²⁾	D
Deferred Stock Units	03/01/2016⁽⁸⁾	03/01/2018	Common Stock	6,201	0.0⁽²⁾	D
Performance Stock Awards	03/01/2016	03/01/2016	Common Stock	1,558⁽⁹⁾	0.0	D
Performance Stock Awards	03/01/2017	03/01/2017	Common Stock	2,326⁽⁹⁾	0.0	D
Performance Stock Awards	03/01/2018⁽¹⁰⁾	03/01/2018	Common Stock	1,551	0.0	D

Explanation of Responses:

1. Employee Stock Options become exercisable at the rate of 20% per year for 5 years.

2. Each Deferred Stock Unit represents a contingent right to receive one share of DW Common Stock.

3. These Deferred Stock Units vest on November 20 at the rate of one third per year for 3 years begining November 20, 2015.

4. Deferred Stock Units were granted to Mr. Schnur in lieu of cash compensation of $186,872 in accordance with his Employment and Non-Competition Agreement dated September 30, 2013.

5. These Deferred Stock Units vest at the rate of 20% per year for 5 years.

6. Deferred Stock Units were granted to Mr. Schnur in lieu of cash compensation of $204,711 in accordance with his Employment and Non-Competition Agreement dated September 30, 2013.

7. These performance-based Deferred Stock Units will vest at the rate of two (2) percent for each $0.01 that the Company's earnings per diluted share in any year in the period 2015 - 2019 exceeds the greater of $2.60 or the highest earnings per diluted share for any prior year in the vesting period.

8. These Deferred Stock Units vest on March 1 at the rate of one third per year for 3 years.

9. These Performance Stock Awards represent a contingent right to receive shares of DW Common Stock based on cumulative growth in earnings per share over three years.

10. These Performance Stock Awards represent a contingent right to receive shares of DW Common Stock based on cumulative growth in earnings per share over two years, and vesting on March 1, 2018.

Remarks:

	/s/ Joseph S. Giordano III on behalf of Jamie Schnur	06/01/2015
	** Signature of Reporting Person	Date
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 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Jamie Schnur Form 3DREW INDUSTRIES / Jamie Schnur ownership change