SEC Form 4 · accession 0000054480-18-000157
KANSAS CITY SOUTHERN · KSU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Druten
Director
Period of report
May 18, 2018
Accepted (ET)
May 22, 2018 · 5:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000054480
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 18, 2018 | A | 963 | $0.00 | A | 22,409 | D | |
| Common StockF2,F1 | May 18, 2018 | A | 1,972 | $109.00 | A | 24,381 | D | |
| Common StockF3,F1,F2 | May 18, 2018 | M | 10 | — | A | 24,391 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightF3 | — | May 18, 2018 | M | 10 | D | — | — | Common Stock | 10 | 184 | D |
Explanation of responses
- F16,162 of these shares represent Deferred Stock that was issued to the reporting person pursuant to the Kansas City Southern Non-Management Director Deferred Stock Award Program in lieu of retainer fees. The reporting person has no voting rights and is entitled to receive Dividend Equivalents with respect to this Deferred Stock.
- F21,972 of these shares represent Deferred Stock that was issued to the reporting person pursuant to the Kansas City Southern Non-Management Director Deferred Stock Award Program in lieu of retainer fees of $215,000 in 2018. The reporting person has no voting rights and is entitled to receive Dividend Equivalents with respect to this Deferred Stock.
- F3Settlement of dividend equivalent rights in connection with payment of 774 of the reporting person's deferred shares on May 18, 2018. The rights accrued when and as dividends were paid on Kansas City Southern ("KCS") common stock and became payable proportionately with the deferred shares to which they related. Each dividend equivalent is the economic equivalent of one share of KCS common stock. The fractional share was paid in cash.