SEC Form 4 · accession 0001209191-17-014570
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
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 9:12 am 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 | Feb 23, 2017 | A | 23,765 | $0.00 | A | 23,765 | D | |
| Common Stock | Feb 23, 2017 | F | 9,064 | $0.00 | D | 14,701 | D | |
| Common StockF2 | Feb 24, 2017 | S | 13,701 | $94.2865 | D | 1,000 | D | |
| Common StockF4 | Feb 24, 2017 | J | 1,000 | $0.00 | D | 0 | D | |
| Common StockF4 | Feb 24, 2017 | J | 1,000 | $0.00 | A | 69,000 | I | By Limited Partnership |
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 23, 2017. 9,064 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 $94.16-$94.55. 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.
- F3The 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.
- F469,000 shares are beneficially owned by Martin Robin Partners L.P., in which the reporting person has a pecuniary interest.