SEC Form 4 · accession 0000004281-16-000171
Howmet Aerospace Inc. · HWM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Donald Myers
Officer — Executive Vice President
Period of report
Oct 13, 2016
Accepted (ET)
Oct 17, 2016 · 2:09 pm EDT
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 StockF1 | Oct 13, 2016 | I | 6,854 | $26.57 | A | 8,501 | I | By Company 401(k) Plan |
| Common StockF1 | holding | — | — | — | 21,396 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2,F3 | — | Oct 13, 2016 | A | 6,201 | A | — | — | Common Stock | 6,201 | 11,835 | D |
Explanation of responses
- F1On October 5, 2016, Alcoa Inc effected a 1-for-3 reverse stock split of its common stock. The amount of securities reported on this Form 4 have been adjusted to reflect the reverse stock split.
- F2Each phantom stock unit is the economic equivalent of one share of Alcoa common stock.
- F3Phantom stock units were acquired under the Alcoa Deferred Compensation Plan and are to be paid out in cash after termination of employment. The reporting person may transfer the phantom stock into an alternative investment account under the Plan at times permitted under the Plan.