SEC Form 4 · accession 0001408100-18-000088
Kennedy-Wilson Holdings, Inc. · KW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J McMorrow
Officer — CHIEF EXECUTIVE OFFICER · Director
Period of report
Apr 26, 2018
Accepted (ET)
Apr 27, 2018 · 6:24 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001408100
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 26, 2018 | A | 115,560 | $0.00 | A | 1,958,191 | D | |
| Common Stock | holding | — | — | — | 10,474,053 | I | By William J. McMorrow Revocable Trust | |
| Common Stock | holding | — | — | — | 8,443 | I | By John & Sons Retirement Trust | |
| Common Stock | holding | — | — | — | 90,851 | I | By wife | |
| Common Stock | holding | — | — | — | 487,821 | I | By son |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On April 26, 2018, 115,560 shares of time-based restricted stock awards were granted to the reporting person pursuant to the registrant's Second Amended and Restated 2009 Equity Participation Plan. These awards will vest in three equal annual installments beginning on the first anniversary of the grant date.
- F2On April 26, 2018, the reporting person was also granted performance-based restricted stock awards ("performance-based restricted shares") pursuant to the registrant's Second Amended and Restated 2009 Equity Participation plan that will vest if the registrant satisfies certain return on equity and total shareholder return conditions. The maximum amount of performance-based restricted shares that may vest to the reporting person is 346,680, but some or all of such shares may not vest if the above-described performance conditions are not satisfied by the registrant. The amount of performance-based restricted shares that vest will be reported by the reporting person after the applicable vesting date.