SEC Form 4 · accession 0001127602-16-060041
Ingredion Inc · INGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack C Fortnum
Officer — Exec. VP and CFO
Period of report
Aug 8, 2016
Accepted (ET)
Aug 10, 2016 · 8:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001046257
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 8, 2016 | M | 17,500 | $47.95 | A | 145,369 | D | |
| Common Stock | Aug 8, 2016 | M | 17,300 | $55.95 | A | 162,669 | D | |
| Common StockF1 | Aug 8, 2016 | S | 24,512 | $134.2818 | D | 138,157 | D | |
| Common StockF2,F3 | Aug 8, 2016 | S | 10,288 | $135.1701 | D | 127,869 | 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 Options (Right to Buy)F4 | $47.95 | Aug 8, 2016 | M | 17,500 | D | — | Feb 7, 2021 | Common Stock | 17,500 | 0 | D |
| Employee Stock Options (Right to Buy)F5 | $55.95 | Aug 8, 2016 | M | 17,300 | D | — | Feb 6, 2022 | Common Stock | 17,300 | 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 $133.78 to $134.76, inclusive. The reporting person undertakes to provide Ingredion Incorporated, any security holder of Ingredion Incorporated or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the immediately preceding sentence.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $134.78 to $135.5232, inclusive. The reporting person undertakes to provide Ingredion Incorporated, any security holder of Ingredion Incorporated or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the immediately preceding sentence.
- F3Includes restricted stock units ("RSUs") acquired through deemed dividend reinvestment. RSUs acquired through deemed dividend reinvestment vest on the dates when the RSUs with respect to which they are deemed dividends vest.
- F4These options vested in three equal annual installments on February 8, 2012, 2013 and 2014.
- F5These options vested in three equal annual installments on February 7, 2013, 2014 and 2015.