SEC Form 4 · accession 0001209191-16-117888
KAISER ALUMINUM CORP · KALU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith Harvey
Officer — President & COO
Period of report
May 3, 2016
Accepted (ET)
May 5, 2016 · 5:47 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 shareF1,F2 | May 3, 2016 | S | 5,797 | $92.3588 | D | 44,735 | D | |
| Employee Stock Options (Right to Buy)F2 | May 4, 2016 | M | 1,202 | $80.01 | A | 45,937 | D | |
| Employee Stock Options (Right to Buy)F2 | May 4, 2016 | S | 1,202 | $90.7069 | D | 44,735 | 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 | May 4, 2016 | M | 1,202 | D | — | Apr 3, 2017 | Common Stock, par value $0.01 per share | 1,202 | 0 | D |
Explanation of responses
- F1Represents the sale of 5,797 shares in multiple transactions, ranging from $91.7000 to $92.8700 per share, resulting in a weighted average sale price of $92.3588 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.
- F2The acquisition of 5,107 shares was inadvertently reported as a grant of restricted stock on the reporting person's prior Form 4. Such shares were acquired pursuant to a grant of restricted stock units. These restricted stock units have the same vesting terms as previously reported.
- F3Stock option award granted on April 3, 2007 for 1,202 shares of common stock, with one-third of such options vested on each of the first, second and third anniversaries of the grant date.