SEC Form 4 · accession 0000719733-16-000169
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
Oct 24, 2016
Accepted (ET)
Oct 26, 2016 · 2:22 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 | Oct 24, 2016 | M | 3,187 | $6.30 | A | 29,415 | D | |
| Common Stock | Oct 24, 2016 | F | 967 | $8.00 | D | 28,448 | D | |
| Common StockF2 | holding | — | — | — | 100 | I | By Son | |
| Common Stock | holding | — | — | — | 4,444 | 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 RightF3 | $6.30 | Oct 24, 2016 | M | 15,000 | D | Jan 26, 2015 | Jan 26, 2017 | Common Stock | 15,000 | 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 ($8.00) and the exercise price ($6.30) 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.
- 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.
- F3Stock appreciation right granted pursuant to the Key Tronic Corporation 2010 Incentive Plan.