SEC Form 4 · accession 0001209191-16-107056
KAISER ALUMINUM CORP · KALU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack A Hockema
Officer — CEO · Director
Period of report
Mar 5, 2016
Accepted (ET)
Mar 8, 2016 · 5:16 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 shareF1 | Mar 5, 2016 | A | 10,830 | $0.00 | A | 40,818 | D | |
| Common Stock, par value $0.01 per shareF2 | Mar 5, 2016 | A | 17,215 | $0.00 | A | 58,033 | D | |
| Common Stock, par value $0.01 per share | Mar 5, 2016 | F | 7,165 | $80.46 | D | 50,868 | D | |
| Common Stock, par value $0.01 per share | holding | — | — | — | 79,381 | I | By Hockema 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)F4 | $80.01 | holding | — | — | — | — | Apr 3, 2017 | Common Stock, par value $0.01 per share | 8,037 | 8,037 | D |
Explanation of responses
- F1Grant 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.
- F2Shares 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.
- F3Shares withheld to satisfy the withholding tax obligations resulting from the vesting on March 5, 2016 of the above-referenced performance shares.
- F4Stock 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.