SEC Form 4 · accession 0001225208-18-001515
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 23, 2018
Accepted (ET)
Jan 25, 2018 · 8:01 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 StockF2 | Jan 23, 2018 | A | 30,468 | $0.00 | A | 124,605 | D | |
| Common Stock | Jan 24, 2018 | F | 656 | $29.15 | D | 123,949 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On 11/16/17, the Board of Directors of Alexander & Baldwin, Inc. (the "Issuer") declared a special distribution on the Issuer's shares of common stock in an aggregate amount of $783.0 million (the "Special Distribution"), payable in a combination of cash and the Issuer's common stock ("Common Stock") to shareholders of record as of the close of business on 11/29/17. The Special Distribution was paid on 1/23/18. In the Special Distribution, the reporting person received the shares of Common Stock reported as acquired in this Form 4. In connection with the Special Distribution and pursuant to the terms of the reporting person's previously granted Company equity awards, such awards were adjusted to preserve their value (the "Equitable Adjustment").
- F2Reflects the Equitable Adjustment with respect to the restricted stock units included herein.
- F3Represents common stock withheld by the Issuer to cover tax withholding obligations arising from the vesting of a previous grant of restricted stock units.