SEC Form 4 · accession 0001209191-15-019108
Keurig Dr Pepper Inc. · KDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry D Young
Officer — President & CEO · Director
Period of report
Feb 24, 2015
Accepted (ET)
Feb 26, 2015 · 4:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001418135
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 24, 2015 | A | 60,269 | $0.00 | A | 260,269 | D | |
| Common StockF1 | Feb 24, 2015 | F | 23,430 | $0.00 | D | 236,839 | D | |
| Common StockF2 | Feb 26, 2015 | S | 36,839 | $78.1468 | D | 200,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were issued to the Reporting Person as the result of the vesting of non-derivative performance stock units ("PSU"). The level of achievement of the performance targets set forth in the Issuer's PSU Plan and the number of shares to be issued was approved by the Compensation Committee of the Issuer on February 24, 2015. 23,430 shares were withheld by Issuer to satisfy tax withholding obligations in connection with the vesting of these PSUs.
- F2The price represents the weighted average sale price of the securities disposed of. The range of prices for the transaction is $77.99-$78.83. The reporting person shall provide upon request by the SEC, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price.