SEC Form 4 · accession 0001209191-15-031440
KAISER ALUMINUM CORP · KALU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack A Hockema
Officer — President & CEO · Director
Period of report
Apr 1, 2015
Accepted (ET)
Apr 2, 2015 · 4:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000811596
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF2 | Apr 1, 2015 | S | 5,000 | $76.5654 | D | 83,987 | I | By Hockema Family Trust |
| Common Stock, par value $0.01 per share | holding | — | — | — | 50,382 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F3 | $80.01 | holding | — | — | — | — | Apr 3, 2017 | Common Stock, par value $0.01 per share | 8,037 | 8,037 | D |
Explanation of responses
- F1Sales made pursuant to a 10b5-1 plan adopted by the reporting person on October 27, 2014 as part of the reporting person's financial planning to diversify his stockholdings. The plan contemplates the sale of pre-determined amount of vested shares of common stock of the Registrant held by the reporting person in specified increments subject to designated floor prices.
- F2Represents the sale of 5,000 shares in multiple transactions, ranging from $76.1650 to $76.8000 per share, resulting in a weighted average sale price of $76.5654 per share. The reporting person undertakes to provide upon request by the SEC staff, the Registrant, or a security holder of the Registrant, full information regarding the number of shares sold at each separate price within the range.
- F3Stock option award granted on April 3, 2007 for 8,037 shares of common stock, with one-third of such options vested on each of the first, second and third anniversaries of the grant date.