SEC Form 4 · accession 0001225208-17-018740
Alexander & Baldwin, Inc. · ALEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher J Benjamin
Officer — President & CEO · Director
Period of report
Dec 13, 2017
Accepted (ET)
Dec 15, 2017 · 4:25 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 | Sep 8, 2017 | G | 500 | $0.00 | D | 100,336 | I | By Revocable Living Trust |
| Common Stock | Nov 22, 2017 | G | 1,000 | $0.00 | D | 99,336 | I | By Revocable Living Trust |
| Common Stock | Dec 13, 2017 | M | 20,000 | $7.53 | A | 119,336 | I | By Revocable Living Trust |
| Common StockF2 | Dec 13, 2017 | S | 5,000 | $28.85 | D | 114,336 | I | By Revocable Living Trust |
| Common StockF3 | Dec 13, 2017 | F | 9,452 | $28.85 | D | 104,884 | I | By Revocable Living Trust |
| Common Stock | Dec 15, 2017 | M | 5,000 | $7.53 | A | 109,884 | I | By Revocable Living Trust |
| Common StockF2 | Dec 15, 2017 | S | 5,000 | $28.85 | D | 104,884 | I | By Revocable Living Trust |
| Common Stock | holding | — | — | — | 555 | D | ||
| Common Stock | holding | — | — | — | 20,000 | I | By Spouse's Revocable Living Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option | $7.53 | Dec 13, 2017 | M | 20,000 | D | Jan 28, 2010 | Jan 27, 2019 | Common Stock | 20,000 | 17,768 | D |
| Stock Option | $7.53 | Dec 15, 2017 | M | 5,000 | D | Jan 28, 2010 | Jan 27, 2019 | Common Stock | 5,000 | 12,768 | D |
Explanation of responses
- F1Gifted shares represent a charitable contribution.
- F2These shares were sold for tax planning purposes related to an upcoming special distribution that is being issued to comply with REIT qualification requirements.
- F3Represents shares withheld by Issuer in connection with a net settlement of a stock option exercise.
Remarks
Pursuant to a merger effected on November 8, 2017, Alexander & Baldwin REIT Holdings, Inc. became the parent holding company of Alexander & Baldwin, Inc. and the successor issuer to Alexander & Baldwin, Inc., without any change in the relative interests of security holders. Immediately following the merger, Alexander & Baldwin REIT Holdings, Inc. changed its name to Alexander & Baldwin, Inc.