SEC Form 4 · accession 0001127602-17-020917
KAMAN Corp · KAMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neal J Keating
Officer — Chm, Pres & CEO · Director
Period of report
Jun 6, 2017
Accepted (ET)
Jun 8, 2017 · 4:25 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,F3,F4 | Jun 6, 2017 | A | 8,026 | $0.00 | A | 201,192 | D | |
| Kaman Common Stock | holding | — | — | — | 14,000 | I | Held In Investment Management Account Of An LLC Wholly Owned By Mr. Keating And His Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F6 | — | holding | — | — | — | — | — | Kaman Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Shares represent a long-term incentive plan payout under the Kaman Corporation 2013 Management Incentive Plan for the three-year performance period ended December 31, 2016. The number of shares payable in respect of the payout were fixed on June 6, 2017, but the reporting person must be employed with the Company until attaining age 62 in order to have a vested right to receive the shares.
- F2Includes acquisition of 125.952 shares through June 6, 2017 by the reporting person pursuant to the periodic, automatic reinvestment of dividends paid on the Corporation's common stock under a program maintained by the reporting person's brokerage firm which is similar to the Corporation's Dividend Reinvestment Plan.
- F3Includes acquisition of 448.4506 shares under the Corporation's Employees Stock Purchase Plan, a Rule 16b-3 qualified plan, through June 6, 2017.
- F4Includes acquisition of 62.4834 shares under the Dividend Reinvestment Program, through June 6, 2017.
- F5Each restricted stock unit represents a contingent right to receive one share of Kaman common stock.
- F6The restricted stock units vest in full on October 13, 2017, which is the date of the reporting person's 62nd birthday. Vested shares will be delivered to the reporting person on the later of six months and one day following the reporting person's separation from service from the Company, or January 2nd of the year following such separation from service.