SEC Form 4 · accession 0001209191-16-117906
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
May 4, 2016
Accepted (ET)
May 5, 2016 · 6:07 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 |
|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F1 | May 4, 2016 | M | 8,037 | $80.01 | A | 41,406 | D | |
| Employee Stock Options (Right to Buy)F1 | May 4, 2016 | S | 8,037 | $90.6986 | D | 33,369 | D | |
| Common Stock, par value $0.01 per share | holding | — | — | — | 84,380 | 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)F2 | $80.01 | May 4, 2016 | M | 8,037 | D | — | Apr 3, 2017 | Common Stock, par value $0.01 per share | 8,037 | 0 | D |
Explanation of responses
- F1The acquisition of 10,830 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
- F2Stock 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.