SEC Form 4 · accession 0001225208-16-027628
KELLOGG CO · K
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Samantha J Long
Officer — Senior Vice President
Period of report
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 5:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000055067
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common | Feb 19, 2016 | M | 29,466 | $60.01 | A | 30,517 | D | |
| Common | Feb 19, 2016 | M | 16,100 | $59.95 | A | 46,617 | D | |
| Common | Feb 19, 2016 | M | 13,800 | $52.53 | A | 60,417 | D | |
| Common | Feb 19, 2016 | M | 8,700 | $53.01 | A | 69,117 | D | |
| Common | Feb 19, 2016 | M | 7,300 | $53.20 | A | 76,417 | D | |
| Common | Feb 19, 2016 | M | 2,434 | $40.17 | A | 78,851 | D | |
| CommonF1 | Feb 19, 2016 | A | 1,645 | $0.00 | A | 80,496 | D | |
| Common | Feb 19, 2016 | F | 769 | $75.52 | D | 79,727 | D | |
| CommonF2 | Feb 19, 2016 | S | 76,750 | $75.4601 | D | 2,977 | D | |
| Common | Feb 23, 2016 | M | 16,100 | $59.95 | A | 19,077 | D | |
| Common | Feb 23, 2016 | M | 14,734 | $60.01 | A | 33,811 | D | |
| Common | Feb 23, 2016 | M | 12,133 | $64.09 | A | 45,944 | D | |
| CommonF3 | Feb 23, 2016 | S | 788 | $73.55 | D | 45,156 | D | |
| CommonF4 | Feb 23, 2016 | S | 42,553 | $73.9917 | D | 2,603 | D | |
| Common | holding | — | — | — | 147 | I | By 401(k) Profit Sharing Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF6 | $52.53 | Feb 19, 2016 | M | 13,800 | D | — | Feb 17, 2022 | Common | 13,800 | 0 | D |
| Stock OptionF7 | $53.01 | Feb 19, 2016 | M | 8,700 | D | — | Feb 18, 2021 | Common | 8,700 | 0 | D |
| Stock OptionF8 | $53.20 | Feb 19, 2016 | M | 7,300 | D | — | Feb 19, 2020 | Common | 7,300 | 0 | D |
| Stock OptionF9 | $59.95 | Feb 19, 2016 | M | 16,100 | D | — | Feb 21, 2024 | Common | 16,100 | 32,200 | D |
| Stock OptionF10 | $60.01 | Feb 19, 2016 | M | 29,466 | D | — | Feb 22, 2023 | Common | 29,466 | 14,734 | D |
| Stock Option | $40.17 | Feb 19, 2016 | M | 2,434 | D | Feb 20, 2012 | Feb 20, 2019 | Common | 2,434 | 0 | D |
| Stock OptionF11 | $64.09 | Feb 23, 2016 | M | 12,133 | D | — | Feb 20, 2025 | Common | 12,133 | 24,267 | D |
| Stock OptionF9 | $59.95 | Feb 23, 2016 | M | 16,100 | D | — | Feb 21, 2024 | Common | 16,100 | 16,100 | D |
| Stock OptionF10 | $60.01 | Feb 23, 2016 | M | 14,734 | D | — | Feb 22, 2023 | Common | 14,734 | 0 | D |
Explanation of responses
- F1Settlement of performance rights granted February 22, 2013, in connection with the Company's 2013-2015 Executive Performance Plan, which are payable in stock.
- F10The option was granted on February 22, 2013, and vested in three equal annual installments beginning February 22, 2014.
- F11The option was granted on February 20, 2015, and vests in three equal annual installments beginning February 20, 2016.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.00 to $75.75, inclusive. The reporting person undertakes to provide to Kellogg Company, any security holder of Kellogg Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- F3Represents a portion of the stock received relating to the 2013-2015 Executive Performance Plan.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.535 to $74.340, inclusive. The reporting person undertakes to provide to Kellogg Company, any security holder of Kellogg Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- F5Ms. Long took a portion of the after tax proceeds of the options exercise in Kellogg stock, increasing her share ownership by approximately 1,464 shares.
- F6The option was granted on February 17, 2012, and vested in three equal annual installments beginning February 17, 2013.
- F7The option was granted on February 18, 2011, and vested in three equal annual installments beginning February 18, 2012.
- F8The option was granted on February 19, 2010, and vested in three equal annual installments beginning February 19, 2011.
- F9The option was granted on February 21, 2014, and vests in three equal annual installments beginning February 21, 2015.