SEC Form 4 · accession 0001047390-18-000002
KIMBALL INTERNATIONAL INC · KBAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert F Schneider
Officer — CEO & CHAIRMAN OF THE BOARD · Director
Period of report
May 7, 2018
Accepted (ET)
May 9, 2018 · 5:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000055772
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CLASS B COMMON STOCK | holding | — | — | — | 276,169 | D | ||
| CLASS B COMMON STOCK | holding | — | — | — | 1,000 | I | Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RESTRICTED STOCK UNITSF3,F4,F1,F2 | — | May 7, 2018 | A | 33,265 | A | — | — | CLASS B COMMON STOCK | 33,265 | 92,965 | D |
Explanation of responses
- F1The Restricted Stock Units convert on a one-for-one basis into shares of Class B Common Stock.
- F2Represents Restricted Stock Units (RSUs) granted on 5/7/18, with vesting of 17,301 shares to occur on 6/30/19 and vesting of 15,964 shares to occur on 6/30/20, subject in each case to the reporting person's fulfillment of all of his obligations pursuant to the terms of the Executive Employment Agreement dated 6/26/15 between Kimball International, Inc. (the "Company") and the reporting person, as amended, and the Amendment to Executive's Terms of Employment dated 5/7/18 between the Company and the reporting person (the "Amendment").
- F3Not Applicable.
- F4Includes the RSUs granted on 5/7/18 described in footnote 2 above, RSUs granted on 7/2/15 (20,779 shares) which will vest on 6/30/18, subject to the reporting person's continuous service with the Company through such date, and RSUs granted on 7/1/16 (27,297 shares) and 7/6/17 (11,624 shares) which will vest on a pro-rata basis on the effective date of the reporting person's retirement from the Company in accordance with the terms of the Amendment. Share amounts do not include dividends which have accrued on the RSUs, which are payable upon vesting.