SEC Form 4 · accession 0001242683-18-000004
KIMBALL INTERNATIONAL INC · KBAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michelle Rene Schroeder
Officer — VICE PRESIDENT
Period of report
Jul 2, 2018
Accepted (ET)
Jul 5, 2018 · 1:26 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 | Jul 2, 2018 | A | 4,407 | $0.00 | A | 86,816 | D | |
| CLASS B COMMON STOCK | Jul 2, 2018 | F | 1,236 | $16.25 | D | 85,580 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RESTRICTED STOCK UNITSF5,F6,F2,F3,F4 | — | Jul 2, 2018 | A | 12,925 | A | — | — | CLASS B COMMON STOCK | 12,925 | 19,327 | D |
Explanation of responses
- F1On 7/2/15, the reporting person was granted performance units representing the right to receive 4,238 shares of common stock at the target level of performance and up to 8,476 shares of common stock at the maximum level of performance, with the number of shares earned to be determined based on the Company's Total Return during the performance cycle ending on 6/30/18. As determined on 7/2/18, the reporting person earned 4,407 shares of common stock pursuant to this award.
- F2The Restricted Stock Units convert on a one-for-one basis into shares of Class B Common Stock.
- F3Represents Restricted Stock Units granted on 7/2/18 and vest on 6/30/19 (1,915 shares), 6/30/20 (4,727 shares) and 6/30/21 (6,283 shares).
- F4The Restricted Stock Units expire if the reporting person ceases employment for any reason other than death, retirement or total permanent disability.
- F5Not Applicable.
- F6Represents Restricted Stock Units which vest on 6/30/19 (6,789 shares), 6/30/20 (6,255 shares) and 6/30/21 (6,283 shares).