SEC Form 4 · accession 0001225208-16-033383
KELLOGG CO · K
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James M Jenness
Director
Period of report
May 13, 2016
Accepted (ET)
May 16, 2016 · 4:54 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | May 13, 2016 | M | 5,000 | $51.04 | A | 108,131 | D | |
| CommonF2,F1 | May 13, 2016 | S | 4,170 | $77.4517 | D | 103,961 | D | |
| CommonF1 | holding | — | — | — | 231 | I | By 401(k) Profit Sharing Plan | |
| CommonF1 | holding | — | — | — | 16,639 | I | Held in Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF4 | $51.04 | May 13, 2016 | M | 5,000 | D | — | Feb 22, 2018 | Common | 5,000 | 0 | D |
Explanation of responses
- F1Excludes dividends reinvested after January 1, 2016.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.45 to $77.46, 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. Jenness took all after tax proceeds of the options exercise in Kellogg stock, increasing his share ownership by approximately 830 shares.
- F4The option was granted on February 22, 2008 and vested in two equal annual installments beginning February 22, 2009.