SEC Form 4 · accession 0000842633-16-000279
TRIMAS CORP · TRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Swart
Officer — Chief Accounting Officer
Period of report
Nov 10, 2016
Accepted (ET)
Nov 14, 2016 · 11:01 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000842633
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 10, 2016 | M | 473 | $19.42 | A | 23,081 | I | See Footnote |
| Common StockF1 | Nov 10, 2016 | F | 448 | $21.05 | D | 22,633 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to buy)F2,F3,F1 | $23.00 | Nov 10, 2016 | M | 473 | D | Apr 1, 2010 | Apr 1, 2017 | Common Stock | 473 | 0 | I |
Explanation of responses
- F1Through the Swart Family Revocable Living Trust under agreement dated June 10, 2013.
- F2In connection with the spin-off of Horizon Global Corporation by the Issuer on June 30, 2015, this option (originally granted on April 1, 2007 and expiring on April 1, 2017, for 2,000 shares, with 400 shares outstanding at the time of the spin-off, with an exercise price of $23.00 per share) was adjusted to generally preserve the value of the original option as of June 30, 2015.
- F3Option to purchase shares of common stock of the Company granted April 1, 2007 under the TriMas Corporation 2002 Long Term Equity Incentive Plan, 80% of the shares subject to this Option vested in three equal annual installments on each of April 1, 2008, April 1, 2009 and April 1,2010; the remaining 20% of the shares subject to this Option vested April 1, 2014.