SEC Form 4 · accession 0001209191-16-107031

KAISER ALUMINUM CORP · KALU

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

John Barneson

Officer — Sr. VP - Corporate Development

Period of report

Feb 20, 2016

Accepted (ET)

Mar 8, 2016 · 5:07 pm EST

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 share	Feb 20, 2016	F	2,811	$76.25	D	17,229	D
Common Stock, par value $0.01 per share^F2	Mar 5, 2016	A	3,368	$0.00	A	20,597	D
Common Stock, par value $0.01 per share^F3	Mar 5, 2016	A	2,922	$0.00	A	23,519	D
Common Stock, par value $0.01 per share	Mar 5, 2016	F	1,127	$80.46	D	22,392	D
Common Stock, par value $0.01 per share	holding	—	—		—	36,252	I	By Barneson Family Trust

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)^F5	$80.01	holding	—	—	—	—	Apr 3, 2017	Common Stock, par value $0.01 per share	2,334	2,334	D

Explanation of responses

F1Shares withheld to satisfy the withholding tax obligations resulting from the recognition of income with respect to the outstanding grants of restricted stock to the reporting person effective March 5, 2013 and March 5, 2014 under the Kaiser Aluminum Corporation 2006 Equity and Performance Incentive Plan, as amended, upon the reporting person reaching age 65 on February 20, 2016 and such shares no longer being subject to a substantial risk of forfeiture for tax purposes.
F2Grant to the reporting person effective as of March 5, 2016, of restricted stock under the Kaiser Aluminum Corporation Amended and Restated 2006 Equity and Performance Incentive Plan. All restrictions will lapse on March 5, 2019 or earlier upon the occurrence of certain specified circumstances.
F3Shares earned upon the vesting on March 5, 2016 of certain performance shares granted to the reporting person in 2013 under the Kaiser Aluminum Corporation 2006 Equity and Performance Incentive Plan, as amended. On March 5, 2016, the Registrant's compensation committee certified the performance shares payout multiplier based on the level of achievement by the Registrant of a certain pre-established performance goal for 2013 through 2015.
F4Shares withheld to satisfy the withholding tax obligations resulting from the vesting on March 5, 2016 of the above-referenced performance shares.
F5Stock option award granted on April 3, 2007 for 2,334 shares of common stock, with one-third of such options vested on each of the first, second and third anniversaries of the grant date.