SEC Form 4 · accession 0001225208-16-037642
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
Aug 8, 2016
Accepted (ET)
Aug 9, 2016 · 4:17 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 | Aug 8, 2016 | M | 97,800 | $52.53 | A | 168,558 | D | |
| CommonF2,F1 | Aug 8, 2016 | S | 95,875 | $82.6286 | D | 72,683 | D | |
| CommonF1 | 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 | $52.53 | Aug 8, 2016 | M | 97,800 | D | — | Feb 17, 2022 | Common | 97,800 | 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 $82.10 to $82.87, 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 1,925 shares.
- F4The option vested in three equal annual installments beginning February 17, 2013.