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Summit Materials director just cashed-in 75,000 options

Howard L Lance, a director of Summit Materials, recently cashed-in 75,000 options. The options were exercised at $0.00, while the disposals took place at $19.79 per share, on dates ranging from April 05 to April 06, 2016. Lance no longer owns any shares of the company. Lance operates out of Denver, CO. Some additional info was provided as follows:

Pursuant to the terms of an exchange agreement, dated as of March 11, 2015, the limited partnership units of Summit Materials Holdings L.P. ("LP Units") reported herein are exchangeable from and after the first...