SEC Form 4 · accession 0001225208-15-002061
Alexander & Baldwin, Inc. · ALEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nelson N S Chun
Officer — Sr. Vice Pres. & CLO
Period of report
Jan 25, 2015
Accepted (ET)
Jan 27, 2015 · 5:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001545654
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 25, 2015 | F | 486 | $39.34 | D | 56,054 | D | |
| Common Stock | Jan 26, 2015 | A | 3,122 | $0.00 | A | 59,176 | D | |
| Common StockF3 | Jan 26, 2015 | M | 1,420 | $0.00 | A | 60,596 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF4,F3 | — | Jan 26, 2015 | M | 1,420 | D | — | Dec 31, 2014 | Common Stock | 1,420 | 0 | D |
Explanation of responses
- F1Represents common stock withheld by the Issuer to cover tax withholding obligations arising from the vesting of a previous grant of restricted stock units.
- F2Restricted stock units issued under the Issuer's 2012 Incentive Compensation Plan that vest in three equal annual installments beginning a year from the transaction date.
- F3Represents shares of the Issuer's common stock underlying performance share units that vested based on the Issuer's total shareholder return over a two-year performance period ending on December 31, 2014, relative to that of the companies comprising the S&P MidCap 400 Index over the same two-year period.
- F4The performance requirement was only partially met and accordingly, only a portion of the performance share units have been issued. The remaining performance share units have expired.