SEC Form 4 · accession 0001628280-16-021839
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
Dec 5, 2016
Accepted (ET)
Dec 6, 2016 · 7:20 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 |
|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F1 | Dec 5, 2016 | M | 2,334 | $80.01 | A | 11,367 | D | |
| Employee Stock Options (Right to Buy)F1 | Dec 5, 2016 | S | 2,334 | $84.5691 | D | 9,033 | D | |
| Common Stock, par value $0.01 per share | holding | — | — | — | 49,611 | 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)F2 | $80.01 | Dec 5, 2016 | M | 2,334 | D | — | Apr 3, 2017 | Common Stock, par value $0.01 per share | 2,334 | 0 | D |
Explanation of responses
- F1The acquisition of 3,368 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 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.