SEC Form 4 · accession 0001321646-17-000125
Kraton Corp · KRA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 29, 2017 | M | 6,234 | $27.98 | A | 48,819 | D | |
| Common Stock | Sep 29, 2017 | S | 6,234 | $39.50 | D | 42,585 | D | |
| Common StockF1 | Sep 29, 2017 | M | 6,519 | $23.84 | A | 49,104 | D | |
| Common Stock | Sep 29, 2017 | S | 6,519 | $38.00 | D | 42,585 | D | |
| Common StockF1 | Oct 2, 2017 | M | 8,449 | $28.42 | A | 51,034 | D | |
| Common Stock | Oct 2, 2017 | S | 8,449 | $41.00 | D | 42,585 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Options (Right to Buy)F1,F2 | $27.98 | Sep 29, 2017 | M | 6,234 | D | — | Mar 3, 2024 | Common Stock | 6,234 | 10,000 | D |
| Employee Options (Right to Buy)F1,F2 | $23.84 | Sep 29, 2017 | M | 6,519 | D | — | Mar 4, 2023 | Common Stock | 6,519 | 3,000 | D |
| Employee Options (Right to Buy)F1,F2 | $28.42 | Oct 2, 2017 | M | 8,449 | D | — | Mar 5, 2025 | Common Stock | 8,449 | 10,000 | D |
Explanation of responses
- F1The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on August 8, 2017
- F2The options vested with respect to one-third of the underlying common stock on each of the first three anniversaries of the grant date, subject to the executive's being employed by the company on such vesting dates.
Remarks
The transactions reported above in Table I reflect the cashless exercise of stock options. The cashless exercise for each set of options is reported in two lines. The first line of the cashless exercise transaction is coded M in column 3 of Table I and reports in column 4 the number of shares issuable upon exercise of the options had cash been paid to exercise the options, together with the exercise price with Code A for acquired. The line coded F in column 3 of Table I relates to the same cashless exercise on the preceding line and reports in Column 4 the number of shares deducted from the total number of shares issuable to pay for the cashless exercise of such options with Code D for disposed. The transactions reported in Table II above, reflect the disposition of the same stock options whose cashless exercise is disclosed in Table I above. The number of derivative securities owned after the transactions reported in column 9 of Table II above includes only stock options.