SEC Form 4 · accession 0001181431-15-004798
WORLD KINECT CORP · WKC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Kasbar
Officer — Chairman, CEO and President · Director
Period of report
Mar 15, 2015
Accepted (ET)
Mar 17, 2015 · 8:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000789460
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 15, 2015 | F | 1,735 | $54.10 | D | 801,233 | D | |
| Common StockF3,F2 | Mar 15, 2015 | F | 11,244 | $54.10 | D | 789,989 | D | |
| Common StockF4 | Mar 15, 2015 | A | 8,063 | $0.00 | A | 798,052 | D | |
| Common StockF5 | Mar 15, 2015 | A | 112,842 | $0.00 | A | 910,894 | D | |
| Common StockF6,F2 | Mar 15, 2015 | F | 9,468 | $54.10 | D | 901,426 | D | |
| Common Stock | holding | — | — | — | 1,340 | I | By Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F14,134 restricted stock units held by the reporting person vested and settled on March 15, 2015. The issuer withheld the reported shares to cover the reporting person's tax liability associated with these restricted stock units.
- F2The price shown is the closing price of the issuer's common stock on the NYSE on March 13, 2015.
- F326,818 restricted stock units held by the reporting person vested and settled on March 15, 2015. The issuer withheld the reported shares to cover the reporting person's tax liability associated with these restricted stock units.
- F4These restricted stock units will vest one-third on the first, second and third anniversaries of the grant date.
- F522,568 of the restricted stock units vested and settled on March 15, 2015. The remaining 90,274 restricted stock units will vest one-fourth annually beginning on March 15, 2016.
- F622,568 restricted stock units held by the reporting person vested and settled on March 15, 2015. The issuer withheld the reported shares to cover the reporting person's tax liability associated with these restricted stock units.