SEC Form 4 · accession 0001127602-17-011142
KAPSTONE PAPER & PACKAGING CORP · KS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wilbur G Kessinger Jr.
Officer — VP and General Manager
Period of report
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 6:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001325281
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 7, 2017 | A | 8,448 | $0.00 | A | 18,033 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2,F3 | $22.195 | Mar 7, 2017 | A | 24,077 | A | — | Mar 7, 2027 | Common Stock | 24,077 | 24,077 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of KapStone common stock. The restricted stock units vest in their entirety on the third anniversary of the grant date.
- F2Represents options granted pursuant to the KapStone Paper and Packaging 2016 Incentive Plan.
- F3The options vest 50% on the second anniversary of the grant date and 50% on the third anniversary of the grant date.