SEC Form 4 · accession 0000719733-15-000013
KEY TRONIC CORP · KTCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Scott Hochberg
Officer — EVP of Business Development
Period of report
Apr 29, 2015
Accepted (ET)
May 1, 2015 · 1:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000719733
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 29, 2015 | M | 15,360 | $5.89 | A | 27,027 | D | |
| Common Stock | Apr 29, 2015 | F | 4,699 | $12.07 | D | 22,328 | D | |
| Common StockF2 | holding | — | — | — | 100 | I | By Son |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right | $5.89 | Apr 29, 2015 | M | 30,000 | D | May 14, 2013 | May 14, 2015 | Common Stock | 30,000 | 0 | D |
Explanation of responses
- F1The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date of exercise ($12.07) and the exercise price ($5.89). Additional shares are then withheld to satisfy the Company's tax withholding obligations.
- F2The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.