SEC Form 4 · accession 0000004281-19-000029
Howmet Aerospace Inc. · HWM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elmer L Doty
Officer — Chief Operating Officer · Director
Period of report
Feb 15, 2019
Accepted (ET)
Feb 19, 2019 · 1:13 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000004281
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Feb 15, 2019 | A | 385,000 | A | — | — | Common Stock | 385,000 | 385,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock of Arconic Inc. ("Arconic") or, at Arconic's election, cash equivalent to the fair market value thereof.
- F2The restricted stock units generally vest in two equal installments on the first and second anniversary of February 6, 2019, contingent on Mr. Doty's continued service as Chief Operating Officer through each applicable vesting date and subject to prorated or full vesting upon the occurrence of certain events. Vested restricted stock units will be settled in shares or cash, as applicable, within 30 days following each applicable vesting date.