SEC Form 4 · accession 0001179110-17-000221
BEMIS CO INC · BMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerry S. Krempa
Officer — Vice President
Period of report
Jan 3, 2017
Accepted (ET)
Jan 4, 2017 · 4:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000011199
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 3, 2017 | M | 11,037 | $0.00 | A | 43,611 | D | |
| Common Stock | Jan 3, 2017 | F | 5,215 | $48.63 | D | 38,396 | D | |
| Common Stock | holding | — | — | — | 3,976 | I | 401(K) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F1 | — | Jan 3, 2017 | M | 11,037 | D | Dec 31, 2016 | Dec 31, 2016 | Common Stock | 11,037 | 0 | D |
| Restricted Stock UnitF2,F3 | — | Jan 3, 2017 | A | 2,471 | A | Dec 31, 2019 | Dec 31, 2019 | Common Stock | 2,471 | 2,471 | D |
| Performance UnitF2,F4 | — | Jan 3, 2017 | A | 5,764 | A | Dec 31, 2019 | Dec 31, 2019 | Common Stock | 5,764 | 5,764 | D |
Explanation of responses
- F1Settlement of Restricted Stock Units exempt under Rule 16b-3. Settlement of units was made on January 3, 2017 with 5,215 shares withheld for taxes, resulting in the delivery of 5,822 shares to Reporting Person.
- F2Each unit represents a right to receive one share of Bemis Common Stock upon vesting.
- F3Grant of Restricted Stock Unit exempt under Rule 16b-3. The units will vest on December 31, 2019 and will be settled in the form of Bemis Common Stock as soon as administratively possible thereafter.
- F4Grant of Performance Based Restricted Stock Unit exempt under Rule 16b-3. The units will be settled in the form of Bemis Common Stock if certain performance targets are achieved for the performance period ending December 31, 2019. Settlement is expected to occur following Compensation Committee certification of the performance targets, which is anticipated to occur in February 2020.