SEC Form 4 · accession 0001225208-18-001959
Alexander & Baldwin, Inc. · ALEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James E Mead
Officer — Chief Financial Officer
Period of report
Jan 29, 2018
Accepted (ET)
Jan 31, 2018 · 7:43 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 29, 2018 | A | 14,450 | $0.00 | A | 29,942 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted 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.
- F2On 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 amont 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 connection with the Special Distribution and pursuant to the terms of the reporting person's previously granted equity award, such award was adjusted to preserve its value (the "Equitable Adjustment"). This amount reflects the Equitable Adjustment with respect to the restricted stock units included herein.
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.