SEC Form 4 · accession 0001388038-15-000038
KNOLL INC · KNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lynn M Utter
Officer — President and COO
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 5:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001011570
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 12, 2015 | M | 35,000 | $10.24 | A | 256,228 | D | |
| Common StockF1 | Feb 12, 2015 | S | 35,000 | $21.0957 | D | 221,228 | D | |
| Common Stock | Feb 13, 2015 | M | 30,000 | $13.17 | A | 251,228 | D | |
| Common Stock | Feb 13, 2015 | M | 20,000 | $10.24 | A | 271,228 | D | |
| Common StockF2 | Feb 13, 2015 | S | 50,000 | $20.9368 | D | 221,228 | D | |
| Common Stock | Feb 17, 2015 | M | 20,000 | $10.24 | A | 241,228 | D | |
| Common StockF3 | Feb 17, 2015 | S | 20,000 | $20.9928 | D | 221,228 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F4 | $10.24 | Feb 12, 2015 | M | 35,000 | D | — | Oct 20, 2016 | Common Stock | 35,000 | 40,000 | D |
| Employee Stock Option (Right to Buy)F5 | $13.17 | Feb 13, 2015 | M | 30,000 | D | — | Apr 21, 2018 | Common Stock | 30,000 | 0 | D |
| Employee Stock Opton (Right to Buy)F4 | $10.24 | Feb 13, 2015 | M | 20,000 | D | — | Oct 20, 2016 | Common Stock | 20,000 | 20,000 | D |
| Employee Stock Option (Right to Buy)F4 | $10.24 | Feb 17, 2015 | M | 20,000 | D | — | Oct 20, 2016 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.01 to $21.26, inclusive. The reporting person undertakes to provide to Knoll, Inc., any security holder of Knoll, Inc., or the staff of the Securities and Exchange Commission, upn request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.88 to $21.11, inclusive. The reporting person undertakes to provide to Knoll, Inc., any security holder of Knoll, Inc., or the staff of the Securities and Exchange Commission, upn request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.94 to $21.23, inclusive. The reporting person undertakes to provide to Knoll, Inc., any security holder of Knoll, Inc., or the staff of the Securities and Exchange Commission, upn request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4.
- F4These stock options are a portion of the stock options that vested in four annual installments beginning on the first anniversary of October 20, 2009. These stock options will expire on October 20, 2016.
- F5These stock options are a portion of the stock options that vested in five annual installments beginning on the first anniversary of April 21, 2008. These stock options will expire on April 21, 2018.