SEC Form 4 · accession 0001209191-18-042048
Keurig Dr Pepper Inc. · KDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James L. Baldwin Jr.
Officer — Executive Vice President
Period of report
Jul 9, 2018
Accepted (ET)
Jul 10, 2018 · 7:40 am EDT
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 | Jul 9, 2018 | M | 3,261 | $0.00 | A | 94,838 | D | |
| Common Stock | Jul 9, 2018 | J | 177 | $0.00 | A | 95,015 | D | |
| Common Stock | Jul 9, 2018 | M | 3,329 | $0.00 | A | 98,344 | D | |
| Common Stock | Jul 9, 2018 | J | 100 | $0.00 | A | 98,444 | D | |
| Common Stock | Jul 9, 2018 | M | 9,033 | $0.00 | A | 107,477 | D | |
| Common Stock | Jul 9, 2018 | J | 43 | $0.00 | A | 107,520 | D | |
| Common Stock | Jul 9, 2018 | M | 6,876 | $79.20 | A | 114,396 | D | |
| Common Stock | Jul 9, 2018 | M | 20,148 | $91.98 | A | 134,544 | D | |
| Common Stock | Jul 9, 2018 | M | 21,107 | $94.62 | A | 155,651 | D | |
| Common Stock | Jul 9, 2018 | M | 5,730 | $0.00 | A | 161,381 | D | |
| Common Stock | Jul 9, 2018 | M | 5,716 | $0.00 | A | 167,097 | D |
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,F8 | $0.00 | Jul 9, 2018 | M | 3,261 | D | — | — | Common Stock | 3,261 | 0 | D |
| Restricted Stock UnitF7,F9 | $0.00 | Jul 9, 2018 | M | 3,329 | D | — | — | Common Stock | 3,329 | 0 | D |
| Restricted Stock UnitF7,F10 | $0.00 | Jul 9, 2018 | M | 9,033 | D | — | — | Common Stock | 9,033 | 0 | D |
| Employee Stock Option (Right to Buy)F11 | $79.20 | Jul 9, 2018 | M | 6,876 | D | — | Mar 2, 2025 | Common Stock | 6,876 | 0 | D |
| Employee Stock Option (Right to Buy)F12 | $91.98 | Jul 9, 2018 | M | 20,148 | D | — | Mar 2, 2026 | Common Stock | 20,148 | 0 | D |
| Employee Stock Option (Right to Buy)F13 | $94.62 | Jul 9, 2018 | M | 21,107 | D | — | Mar 2, 2027 | Common Stock | 21,107 | 0 | D |
Explanation of responses
- F1Pursuant to the Agreement and Plan of Merger, dated as of January 29, 2018, (the "Merger Agreement"), by and among Maple Parent Holdings Corp., a Delaware corporation ("Maple Parent"), DPS and Salt Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of DPS ("Merger Sub"), Merger Sub merged on July 9, 2018 with and into Maple Parent (the "Merger"), with Maple Parent surviving the Merger as a wholly-owned subsidiary of DPS. Pursuant to the Merger Agreement, immediately prior to the effective time of the Merger, each outstanding Restricted Stock Unit ("RSU") of DPS vested and as soon as administratively possible following the effective time will be settled in exchange for (i) a number of shares underlying such DPS RSU, and (ii) an amount in cash equal to the number of shares underlying such DPS RSU multiplied by the special cash dividend per share amount.
- F10These restricted stock units were to vest on March 4, 2021.
- F11This option was granted on March 2, 2015 pursuant to Issuer's Omnibus Stock Incentive Plan of 2009 and is fully vested.
- F12This option was granted March 2, 2016 pursuant to the Issuer's Omnibus Stock Incentive Plan of 2009 and was to vest in three equal annual installments on each anniversary date of the grant commencing on March 2, 2017.
- F13This option was granted on March 2, 2017 pursuant to the Issuer's Omnibus Stock Incentive Plan of 2009 and was to vest in three equal annual installments on each anniversary date of the grant commencing on March 2, 2018.
- 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 row (1) above.
- F3These 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 row (3) above.
- F4These 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 row (5) above.
- F5Pursuant to the Merger Agreement, immediately prior to the effective time, each outstanding DPS stock option was converted into a right of the holder of such DPS stock option to receive as soon as administratively practicable following the effective time (i) a number of shares of DPS common stock equal to the number of shares underlying such DPS stock option, and (ii) an amount in cash equal to the number of shares underlying such DPS stock option multiplied by the difference between the special cash dividend per share amount and the exercise price per share of such DPS stock option as of immediately prior to the record date for the special cash dividend.
- F6Pursuant to the Merger Agreement, immediately prior to the effective time, each outstanding Performance Stock Unit ("PSU") (with DPS PSUs vesting at target performance levels or at such higher performance levels as may be required pursuant to the applicable terms of a DPS benefit plan) vested and as soon as administratively possible following the effective time will be settled in exchange for (i) a number of shares of DPS common stock equal to the number of shares underlying such DPS PSU, and (ii) an amount in cash equal to the number of shares underlying such DPS PSU multiplied by the special cash dividend per share amount.
- F7Each restricted stock unit represented a contingent right to receive one share of the Issuer's Common Stock and was granted pursuant to the Issuer's Omnibus Stock Incentive Plan of 2009.
- F8These restricted stock units were to vest on March 2, 2019.
- F9These restricted stock units were to vest on March 4, 2020.