SEC Form 4 · accession 0001209191-15-022304
Keurig Dr Pepper Inc. · KDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin M Ellen
Officer — Executive Vice President & CFO
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 4:54 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 Stock | Mar 2, 2015 | J | 19,685 | $0.00 | A | 19,685 | D | |
| Common Stock | Mar 2, 2015 | J | 1,874 | $0.00 | A | 21,559 | D | |
| Common StockF3 | Mar 2, 2015 | F | 9,045 | $0.00 | D | 12,514 | D | |
| Common StockF4 | Mar 4, 2015 | S | 11,514 | $78.5397 | D | 1,000 | D | |
| Common StockF6 | Mar 4, 2015 | J | 1,000 | $0.00 | D | 0 | D | |
| Common StockF5 | Mar 4, 2015 | J | 1,000 | $0.00 | A | 62,000 | I | By Limited Partnership |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF7,F1,F8 | $0.00 | Mar 2, 2015 | J | 19,685 | D | — | — | Common Stock | 19,685 | 0 | D |
| Employee Stock Option (Right to Buy)F9 | $79.20 | Mar 2, 2015 | A | 31,588 | A | — | Mar 2, 2025 | Common Stock | 31,588 | 31,588 | D |
| Restricted Stock UnitF7,F8 | $0.00 | Mar 2, 2015 | A | 5,516 | A | — | — | Common Stock | 5,516 | 5,516 | D |
Explanation of responses
- F1These shares represent restricted stock units granted pursuant to the Issuer's Omnibus Stock Incentive Plan of 2009 that vested on March 2, 2015.
- F2These shares are restricted stock units (acquired with dividend equivalent payments made under the Issuer's dividend reinvestment plan with respect to the shares referenced in footnote (1) above) that vested on March 2, 2015.
- F3Represents shares withheld by Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units referenced in footnotes (1) and (2) above.
- F4The price represents the weighted average sale price of the securities disposed of. The range of prices for the transaction is $78.14-$78.90. 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.
- F5On March 4, 2015 the reporting person directed that the 1,000 shares beneficially owned by reporting person be transferred to Martin Robin Partners, L.P., in which the reporting person has a pecuniary interest.
- F662,000 shares are beneficially owned by Martin Robin Partners, L.P.,in which the reporting person has a pecuniary interest.
- F7Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock and is granted pursuant to the Issuer's Omnibus Stock Incentive Plan of 2009.
- F8Restricted stock units vest in one installment three years from the date of grant and will be settled in shares of the Issuer's Common Stock on the vesting date.
- F9This option was granted pursuant to the Issuer's Omnibus Stock Incentive Plan of 2009 and vests in three equal annual installments on each anniversary date of the grant commencing on March 2, 2016.