SEC Form 4 · accession 0000719733-16-000132
KEY TRONIC CORP · KTCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig D Gates
Officer — President & CEO · Director
Period of report
Jul 27, 2016
Accepted (ET)
Jul 29, 2016 · 12:53 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 | Jul 27, 2016 | M | 22,327 | $4.40 | A | 221,105 | D | |
| Common StockF1 | Jul 27, 2016 | F | 6,777 | $7.95 | D | 214,328 | D | |
| Common Stock | holding | — | — | — | 7,458 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF2 | $4.40 | Jul 27, 2016 | M | 50,000 | D | Jul 27, 2014 | Jul 27, 2016 | Common Stock | 50,000 | 0 | D |
Explanation of responses
- F1The number of shares to be issued upon exercise of a Stock Appreciation Right (SAR) is determined by multiplying the number of SAR units being exercised by the difference between the fair market value on the exercise date ($7.95) and the exercise price ($4.40) divided by the fair market value on the exercise date. A portion of the shares are then withheld to satisfy the Company's tax withholding obligations.
- F2Stock appreciation right granted pursuant to the Key Tronic Corporation 2010 Incentive Plan.