SEC Form 4 · accession 0001675149-16-000071
Alcoa Corp · AA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Sean Collins
Officer — Exec VP and Controller
Period of report
Nov 14, 2016
Accepted (ET)
Nov 16, 2016 · 4:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001675149
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Nov 14, 2016 | M | 4,012 | $24.73 | A | 32,046 | D | |
| Common StockF1,F2 | Nov 14, 2016 | S | 4,012 | $29.551 | D | 28,034 | D | |
| Common StockF2 | Nov 14, 2016 | M | 18,271 | $19.89 | A | 46,305 | D | |
| Common StockF1,F2 | Nov 14, 2016 | S | 18,271 | $29.551 | D | 28,034 | D | |
| Common StockF2 | Nov 14, 2016 | M | 18,164 | $22.78 | A | 46,198 | D | |
| Common StockF1,F2 | Nov 14, 2016 | S | 18,164 | $29.551 | D | 28,034 | D | |
| Common Stock | holding | — | — | — | 130 | I | By Wife in Company 401(k) Plan | |
| Common Stock | holding | — | — | — | 454 | I | By Company 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3,F5,F4 | $24.73 | Nov 14, 2016 | M | 4,012 | D | — | Jan 16, 2024 | Common Stock | 4,012 | 2,006 | D |
| Employee Stock Option (right to buy)F3,F5,F6 | $19.89 | Nov 14, 2016 | M | 18,271 | D | — | Jan 16, 2023 | Common Stock | 18,271 | 0 | D |
| Employee Stock Option (right to buy)F3,F5,F7 | $22.78 | Nov 14, 2016 | M | 18,164 | D | — | Jan 20, 2022 | Common Stock | 18,164 | 0 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $29.4350 to $29.7800. The reporting person undertakes to provide to Alcoa Corporation, any security holder of Alcoa Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the range set forth in this footnote.
- F2Shares of Alcoa Corporation ("Alcoa") common stock were received by the reporting person pursuant to the distribution paid by Alcoa Inc. (now renamed Arconic Inc.) ("Arconic" or "Parent") on November 1, 2016, to Parent shareholders of record as of October 20, 2016 (the "Record Date"), of one share of Alcoa common stock for every three shares of Parent common stock held on the Record Date (the "Distribution"), pursuant to the separation and distribution agreement, dated October 31, 2016, between Alcoa and Parent. Also includes shares of common stock underlying awards resulting from the conversion of Parent equity awards in connection with the Distribution pursuant to the terms of the employee matters agreement, dated as of October 31, 2016, between Alcoa and Parent (the "Employee Matters Agreement").
- F3Resulted from the conversion of Parent stock option awards, in connection with the Distribution pursuant to the terms of the Employee Matters Agreement.
- F4This option is part of an option grant that vests in three equal annual installments beginning January 16, 2015. The installment exercised by the reporting person as reported herein vested on January 16, 2015 and January 16, 2016.
- F5Employee stock options are granted without payment of consideration.
- F6This option vested in three equal annual installments beginning January 16, 2014.
- F7This option vested in three equal annual installments beginning January 16, 2013.