SEC Form 4 · accession 0001357615-15-000055
KBR, INC. · KBR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ivor Harrington
Officer — President E&C
Period of report
Feb 28, 2015
Accepted (ET)
Mar 3, 2015 · 6:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001357615
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 28, 2015 | A | 1,060 | $0.00 | A | 119,704 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3 | $24.98 | Feb 28, 2015 | A | 6,434 | A | Jul 9, 2015 | Jul 9, 2022 | Common Stock | 6,434 | 128,761 | D |
Explanation of responses
- F1On July 9, 2012, the reporting person was granted restricted stock units that convert to common stock at a 1-to-1 ration and vest 20% on each anniversary of the grant date, with each vesting subject to the Company having positive net income in the prior year. This portion represents the portion that has satisfied the positive net income requirement for this year.
- F2This represents the balance after withholding for taxes.
- F3On July 9, 2012, the reporting person was granted options that vest at a rate of 33 1/3 on the first anniversary, 66 2/3 on the second anniversay and 100% on the third anniversary from the original date of grant with each vesting subject to the Company having positive net income in the prior year. This represents the portion that has satisfied the positive net income requirement for this year.