SEC Form 4 · accession 0001628280-17-002330
KAISER ALUMINUM CORP · KALU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ray Parkinson
Officer — VP - Advanced Engineering
Period of report
Mar 5, 2017
Accepted (ET)
Mar 7, 2017 · 6:46 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,F2,F3 | Mar 5, 2017 | A | 1,936 | $0.00 | A | 10,532 | D | |
| Common Stock, par value $0.01 per shareF4,F2,F3 | Mar 5, 2017 | A | 3,182 | $0.00 | A | 13,714 | D | |
| Common Stock, par value $0.01 per shareF2,F3 | Mar 5, 2017 | F | 1,240 | $79.69 | D | 12,474 | D | |
| Common Stock, par value $0.01 per share | Mar 5, 2017 | F | 795 | $79.69 | D | 11,679 | D | |
| Common Stock, par value $0.01 per share | holding | — | — | — | 9,082 | I | By 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)F7 | $80.01 | holding | — | — | — | — | Apr 3, 2017 | Common Stock, par value $0.01 per share | 643 | 643 | D |
Explanation of responses
- F1Grant to the reporting person effective as of March 5, 2017 of restricted stock units under the Kaiser Aluminum Corporation 2016 Equity and Incentive Compensation Plan. All restrictions will lapse on March 5, 2020 or earlier upon the occurrence of certain specified circumstances.
- F2The acquisition of 1,993 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.
- F3Includes 3,929 shares acquired pursuant to grants of restricted stock units.
- F4Shares earned upon the vesting on March 5, 2017 of certain performance shares granted to the reporting person in 2014 under the Kaiser Aluminum Corporation 2006 Equity and Performance Incentive Plan, as amended. On March 5, 2017, 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 2014 through 2016.
- F5Shares withheld to satisfy the withholding tax obligations resulting from the vesting on March 5, 2017 of the above-referenced performance shares.
- F6Shares withheld to satisfy the withholding tax obligations resulting from the vesting on March 5, 2017 of certain shares granted to the reporting person in 2014 under the Kaiser Aluminum Corporation 2006 Equity and Performance Incentive Plan, as amended.
- F7Stock option award granted on April 3, 2007 for 643 shares of common stock, with one-third of such options vested on each of the first, second and third anniversaries of the grant date.