SEC Form 4 · accession 0001127602-16-044712
COCA COLA CO · KO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barry Diller
Director
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 1:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000021344
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.25 Par ValueF1 | holding | — | — | — | 4,000,000 | I | By Grantor Retained Annuity Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Call Option (Right to Buy)F2,F3 | $35.00 | Mar 1, 2016 | P | 2,000,000 | A | Mar 4, 2016 | Jan 21, 2022 | Common Stock, $.25 Par Value | 2,000,000 | 2,000,000 | I |
| Phantom Stock UnitsF4,F5 | $0.00 | holding | — | — | — | — | — | Common Stock, $.25 Par Value | 104,250 | 104,250 | D |
Explanation of responses
- F1The shares previously reported as held by the reporting person's living trust are held in a grantor retained annuity trust for the benefit of the reporting person and his family members.
- F2The option allows its holder, upon exercise of the option, to elect to settle the option for either cash or stock. If the holder elects to settle the option for cash, the holder will receive the difference between the exercise price of the option and the closing price of the underlying common stock on the New York Stock Exchange on the date of exercise, multiplied by the number of options being exercised.
- F3If the amount of total dividends paid to common shareowners in any quarter during the term of the option exceeds (or is less than) $0.35 per share, the exercise price of the option will be reduced (or increased) by the forward value of the absolute amount of such difference..
- F4Each phantom share unit is economically equivalent to one share of Common Stock.
- F5The phantom share units credited under the Directors' Plan are settled in cash the later of (i) January 15 of the year following the year in which the reporting person leaves the Board, or (ii) six months following the date on which the reporting person leaves the Board.