FORM 4 - Builders FirstSource, Inc.

BUILDERS FIRSTSOURCE, INC.
FORM 4
(Statement of Changes in Beneficial Ownership)
Filed 5/2/2006 For Period Ending 4/28/2006
Address
2001 BRYAN STREET, SUITE 1600
DALLAS, Texas 75201
Telephone
(214) 880-3500
CIK
0001316835
Industry
Retail (Home Improvement)
Sector
Services
Fiscal Year
12/31
UNITED STATES SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 4
[ ] Check this box if no
longer subject to Section 16.
Form 4 or Form 5
obligations may continue.
See Instruction 1(b).
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2008
Estimated average burden
hours per response... 0.5
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
OF SECURITIES
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(f) of the
Investment Company Act of 1940
1. Name and Address of Reporting Person *
2. Issuer Name and Ticker or Trading Symbol 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
SHERMAN FLOYD F
Builders FirstSource, Inc. [ BLDR ]
(Last)
(First)
3. Date of Earliest Transaction (MM/DD/YYYY)
(Middle)
(Street)
__ X __ Officer (give title below)
below)
4/28/2006
2001 BRYAN STREET, SUITE 1600
(State)
_____ 10% Owner
_____ Other (specify
4. If Amendment, Date Original Filed
President & CEO
6. Individual or Joint/Group Filing (Check
(MM/DD/YYYY)
Applicable Line)
DALLAS, TX 75201
(City)
__ X __ Director
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans.
Date
2A.
3. Trans.
Deemed
Code
Execution (Instr. 8)
Date, if
any
Code
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
Common Stock, par value $0.01 per share
4/28/2006
4/28/2006
4/28/2006
4/28/2006
4/28/2006
4/28/2006
4/28/2006
4/28/2006
4/28/2006
4/28/2006
4/28/2006
4/28/2006
4/28/2006
4/28/2006
4/28/2006
4/28/2006
4/28/2006
4/28/2006
M
4. Securities
Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5)
(A)
or
V Amount (D)
100000
A
Price
5. Amount of Securities Beneficially Owned 6.
Following Reported Transaction(s)
Ownership
(Instr. 3 and 4)
Form:
Direct (D)
or Indirect
(I) (Instr.
4)
$3.15
350000
D
S
1000
D $21.27
349000
D
S
1000
D $21.28
348000
D
S
1000
D $21.31
347000
D
S
1000
D $21.32
346000
D
S
1903
D $21.34
344097
D
S
1000
D $21.35
343097
D
S
1000
D $21.36
342097
D
S
2000
D $21.38
340097
D
S
1000
D $21.40
339097
D
S
16000
D $21.41
323097
D
S
19000
D $21.42
304037
D
S
8000
D $21.43
296037
D
S
6000
D $21.44
290097
D
S
6297
D $21.45
283800
D
S
2000
D $21.46
281800
D
S
10400
D $21.50
271400
D
S
2000
D $21.53
269400
D
7. Nature
of Indirect
Beneficial
Ownership
(Instr. 4)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans.
Date
2A.
3. Trans.
Deemed
Code
Execution (Instr. 8)
Date, if
any
Code
4/28/2006
Common Stock, par value $0.01 per share
4/28/2006
Common Stock, par value $0.01 per share
4/28/2006
Common Stock, par value $0.01 per share
4/28/2006
Common Stock, par value $0.01 per share
4/28/2006
Common Stock, par value $0.01 per share
4/28/2006
Common Stock, par value $0.01 per share
4/28/2006
Common Stock, par value $0.01 per share
4/28/2006
Common Stock, par value $0.01 per share
4/28/2006
Common Stock, par value $0.01 per share
4/28/2006
Common Stock, par value $0.01 per share
4/28/2006
Common Stock, par value $0.01 per share
4/28/2006
Common Stock, par value $0.01 per share
4. Securities
Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5)
(A)
or
V Amount (D)
Price
5. Amount of Securities Beneficially Owned 6.
Following Reported Transaction(s)
Ownership
(Instr. 3 and 4)
Form:
Direct (D)
or Indirect
(I) (Instr.
4)
S
400
D $21.54
269000
D
S
200
D $21.56
268800
D
S
1000
D $21.59
267800
D
S
1000
D $21.60
266800
D
S
3000
D $21.61
263800
D
S
1000
D $21.63
262800
D
S
100
D $21.70
262700
D
S
1000
D $21.71
261700
D
S
1000
D $21.73
260700
D
S
1000
D $21.75
259700
D
S
2000
D $21.77
257700
D
S
1000
D $21.78
256700
D
7. Nature
of Indirect
Beneficial
Ownership
(Instr. 4)
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate
Security
(Instr. 3)
2.
3. Trans.
Conversion Date
or Exercise
Price of
Derivative
Security
3A.
Deemed
Execution
Date, if
any
4.
Trans.
Code
(Instr.
8)
5. Number of
6. Date Exercisable
Derivative
and Expiration Date
Securities
Acquired (A) or
Disposed of (D)
7. Title and Amount of
Securities Underlying
Derivative Security
(Instr. 3 and 4)
8. Price of
Derivative
Security
(Instr. 5)
(Instr. 3, 4 and
5)
Code V (A)
Employee Stock
Option (right to buy)
$3.15
4/28/2006
(D)
Date
Expiration
Title
Exercisable Date
$3.15
4/28/2006
100000
(2)
1/16/2012 Common
Stock
100000
(3)
785753
D
M
100000
(2)
1/16/2012 Common
Stock
100000
(3)
685753
D
(1)
Explanation of Responses:
( 1) Award issued under the Company's 1998 Stock Incentive Plan, as amended and restated March 1, 2004.
( 2) 100% is presently exercisable. Option vested in 25% increments on each of September 1, 2002-2005.
( 3) Not applicable.
Remarks:
Form 1 of 2.
Reporting Owners
Reporting Owner Name / Address
SHERMAN FLOYD F
2001 BRYAN STREET
SUITE 1600
DALLAS, TX 75201
Relationships
Director 10% Owner Officer
X
10.
Ownership
Form of
Derivative
Security:
Direct (D)
or Indirect
(I) (Instr.
4)
M
(1)
Employee Stock
Option (right to buy)
Amount or
Number of
Shares
9. Number
of
derivative
Securities
Beneficially
Owned
Following
Reported
Transaction
(s) (Instr. 4)
President & CEO
Other
11. Nature
of Indirect
Beneficial
Ownership
(Instr. 4)
Signatures
/s/ Floyd F. Sherman
** Signature of Reporting Person
5/2/2006
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 4(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 control number.