SEC Form 4 · accession 0001246360-19-000148
CROWN HOLDINGS, INC. · CCK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas A Kelly
Officer — Senior Vice President & CFO
Period of report
Jan 7, 2019
Accepted (ET)
Jan 9, 2019 · 2:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001219601
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | Jan 7, 2019 | A | 27,382 | $0.00 | A | 129,191 | D | |
| Common | Jan 8, 2019 | D | 13,520 | $0.00 | D | 115,671 | D | |
| CommonF2 | Jan 8, 2019 | F | 680 | $45.45 | D | 114,991 | D | |
| Common | holding | — | — | — | 1,050 | I | By 401(k) Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person was granted 27,382 shares of Restricted Common Stock under the 2013 Stock-Based Compensation Plan. 9,543 time-vested restricted shares vest over a three year period as follows: 3,181 time-vested restricted shares on January 7, 2020, 2021 and 2022, respectively. 8,296 performance-based restricted shares are targeted to vest on January 7, 2022 based on the Company's Total Shareholder Return versus a defined peer group of companies, with the final number of performance-based vested shares varying from 0 to 200% of 8,296. 9,543 performance-based restricted shares are targeted to vest on January 7, 2022 based on the Return on Invested Capital achieved by the Company compared to the ROIC target, with the final number of performance-based vested shares varying from 0 to 200% of 9,543.
- F2Represents shares transferred to the Company for tax withholding in connection with vesting of restricted stock.