SEC Form 4 · accession 0000719733-16-000134
KEY TRONIC CORP · KTCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas G Burkhardt
Officer — EVP of Worldwide Operations
Period of report
Jul 27, 2016
Accepted (ET)
Jul 29, 2016 · 12:54 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 | 8,930 | $4.40 | A | 94,915 | D | |
| Common StockF1 | Jul 27, 2016 | F | 2,672 | $7.95 | D | 92,243 | D | |
| Common Stock | holding | — | — | — | 176 | 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 RightF2 | $4.40 | Jul 27, 2016 | M | 20,000 | A | Jul 27, 2014 | Jul 27, 2016 | Common Stock | 20,000 | 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.