SEC Form 4 · accession 0000004281-15-000009
Howmet Aerospace Inc. · HWM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Klaus Kleinfeld
Officer — Chairman and CEO · Director
Period of report
Jan 14, 2015
Accepted (ET)
Jan 16, 2015 · 4:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000004281
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 14, 2015 | M | 400,000 | $8.33 | A | 1,806,450 | D | |
| Common StockF2 | Jan 14, 2015 | S | 400,000 | $15.114 | D | 1,406,450 | D | |
| Common Stock | Jan 14, 2015 | M | 400,000 | $8.33 | A | 1,806,450 | D | |
| Common StockF3 | Jan 14, 2015 | S | 316,448 | $14.7634 | D | 1,490,002 | D | |
| Common Stock | holding | — | — | — | 7,843 | 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)F5,F4 | $8.33 | Jan 14, 2015 | M | 800,000 | D | — | Jan 23, 2015 | Common Stock | 800,000 | 0 | D |
Explanation of responses
- F1The transactions reported on this Form 4 (exercise of employee stock options expiring on January 23, 2015 and sale of shares acquired upon the exercise) were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 18, 2014. A portion of the proceeds of the sale of shares was used to pay the exercise price of the stock options and applicable withholding taxes.
- F2The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $15.05 to $15.31. The reporting person undertakes to provide to Alcoa Inc., any security holder of Alcoa Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
- F3The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $14.59 to $14.89. The reporting person undertakes to provide to Alcoa Inc., any security holder of Alcoa Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
- F4The option, representing a right to purchase a total of 2,400,000 shares, became exercisable in three equal annual installments beginning on January 23, 2010, which was the first anniversary of the date on which the option was granted.
- F5Employee stock options are granted without payment of consideration.