SEC Form 4 · accession 0000719733-17-000002
KEY TRONIC CORP · KTCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank Crispigna III
Officer — VP of Supply Chain
Period of report
Jan 13, 2017
Accepted (ET)
Jan 17, 2017 · 1:07 pm EST
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 | Jan 13, 2017 | M | 2,241 | $6.30 | A | 2,241 | D | |
| Common Stock | Jan 13, 2017 | F | 799 | $8.12 | D | 1,442 | D | |
| Common Stock | holding | — | — | — | 3,129 | 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 | $6.30 | Jan 13, 2017 | M | 10,000 | D | Jan 26, 2015 | Jan 26, 2017 | Common Stock | 10,000 | 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 date of exercise ($8.12) and the exercise price ($6.30). 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.