SEC Form 4 · accession 0001127602-15-019458
KAMAN Corp · KAMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert D. Starr
Officer — Sr VP and CFO
Period of report
Jun 2, 2015
Accepted (ET)
Jun 2, 2015 · 4:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000054381
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Kaman Common StockF1,F2 | Jun 2, 2015 | A | 2,647 | $0.00 | A | 18,229 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F3 | $36.29 | holding | — | — | — | — | Feb 18, 2023 | Kaman Common Stock | 5,135 | 5,135 | D |
| Stock Options (Right to Buy)F4 | $39.22 | holding | — | — | — | — | Feb 19, 2024 | Kaman Common Stock | 15,470 | 15,470 | D |
| Stock Options (Right to Buy)F3 | $33.59 | holding | — | — | — | — | Feb 20, 2022 | Kaman Common Stock | 5,220 | 5,220 | D |
| Stock Options (Right to Buy)F3 | $31.775 | holding | — | — | — | — | Feb 21, 2021 | Kaman Common Stock | 5,260 | 5,260 | D |
| Stock Options (Right to Buy)F3 | $26.07 | holding | — | — | — | — | Feb 22, 2020 | Kaman Common Stock | 6,310 | 6,310 | D |
Explanation of responses
- F1Represents a portion of the executive's long term incentive program award (LTIP) for the completed performance period January 1, 2014 - December 31, 2014 paid in Common Stock as permitted by the Company's 2013 Management Incentive Plan; the remainder of the LTIP was paid in cash. The LTIP is a feature of the Company's 2013 Management Incentive Plan, a Rule 16b-3 qualified plan.
- F2Includes acquisition of 47.3521 shares under the Corporation's Employees Stock Purchase Plan, a Rule 16b-3 qualified plan, through 6/2/2015.
- F3Exercisable at the rate of 20% per year, generally beginning March 1st of the year after the grant date; expires ten (10) years after grant. All options and stock appreciation rights were issued under the Corporation's 16b-3 qualified Stock Incentive Plans. The Plans include a feature which permits the exercise price for an option to be paid by withholding a portion of the shares otherwise issuable upon exercise.
- F4Represents a Non-Qualified Stock Option granted under the Kaman Corporation 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. Exercisable at the rate of 20% per year, beginning March 1 of the year following the date of grant; expires ten (10) years after the date of grant. The Plan includes a feature which permits the exercise price of an option to be paid by withholding a portion of the shares otherwise issuable upon exercise.