SEC Form 4 · accession 0001209191-17-059003
LINDSAY CORP · LNN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian L Ketcham
Officer — Vice President and CFO
Period of report
Oct 31, 2017
Accepted (ET)
Nov 2, 2017 · 7:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000836157
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Oct 31, 2017 | A | 1,266 | $0.00 | A | 3,915 | D | |
| Common StockF3,F2 | Nov 1, 2017 | F | 303 | $91.64 | D | 3,612 | D | |
| Common StockF4 | holding | — | — | — | 1,410 | I | By spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to PurchaseF5 | $91.56 | Oct 31, 2017 | A | 3,840 | A | — | Oct 31, 2027 | Common Stock | 3,840 | 3,840 | D |
| Option to PurchaseF6 | $78.23 | holding | — | — | — | — | Oct 21, 2026 | Common Stock | 3,999 | 3,999 | D |
Explanation of responses
- F1Includes restricted stock units that will vest and settle in shares of Lindsay Corporation's common stock on a one-for-one basis in three equal installments on the following dates: November 1, 2018; November 1, 2019; and November 1, 2020.
- F2Includes common stock in the form of restricted stock units.
- F3Shares of common stock withheld to satisfy statutory minimum tax withholding obligations upon vesting of restricted stock units previously included in Table I.
- F4Shares were purchased by, and are held in the name of, Mr. Ketcham's spouse.
- F5The option vests in four equal annual installments beginning on November 1, 2018.
- F6The option vests in four equal annual installments, which began on November 1, 2017.