SEC Form 4 · accession 0001225208-16-027629
KELLOGG CO · K
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul T Norman
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 | 80,200 | $53.01 | A | 144,550 | D | |
| Common | Feb 19, 2016 | M | 73,400 | $53.20 | A | 217,950 | D | |
| CommonF1 | Feb 19, 2016 | A | 2,835 | $0.00 | A | 220,785 | D | |
| Common | Feb 19, 2016 | F | 1,072 | $75.52 | D | 219,713 | D | |
| CommonF2 | Feb 19, 2016 | S | 148,955 | $75.4609 | D | 70,758 | D | |
| Common | holding | — | — | — | 116 | 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 OptionF4 | $53.01 | Feb 19, 2016 | M | 80,200 | D | — | Feb 18, 2021 | Common | 80,200 | 0 | D |
| Stock OptionF5 | $53.20 | Feb 19, 2016 | M | 73,400 | D | — | Feb 19, 2020 | Common | 73,400 | 0 | D |
| Stock OptionF6 | $75.52 | Feb 19, 2016 | A | 78,900 | A | — | Feb 19, 2026 | Common | 78,900 | 78,900 | 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.
- 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 $75.77, 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.
- F3Mr. Norman took a portion of the after tax proceeds of the options exercise in Kellogg stock, increasing his share ownership by approximately 4,645 shares.
- F4The option was granted on February 18, 2011, and vested in three equal annual installments beginning February 18, 2012.
- F5The option was granted on February 19, 2010, and vested in three equal annual installments beginning February 19, 2011.
- F6The option vests in three equal annual installments beginning February 19, 2017.