SEC Form 4 · accession 0001179110-17-007045
KEMET CORP · KEM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M Lowe Jr.
Officer — Exec VP and CFO
Period of report
May 9, 2017
Accepted (ET)
May 11, 2017 · 1:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000887730
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 9, 2017 | M | 35,820 | $0.00 | A | 604,295 | D | |
| Common Stock | May 9, 2017 | F | 4,899 | $13.01 | D | 599,396 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | May 9, 2017 | M | 35,820 | A | — | — | Common Stock | 35,820 | 0 | D |
Explanation of responses
- F1This relates to a transaction between the Reporting Person and the Company involving the withholding of shares for the payment of the tax liability associated with the vesting of shares of common stock.
- F2On May 18, 2015, the reporting person was granted a performance award that could result in the issuance of restricted stock units, vesting one-half on May 9, 2017, and the balance on May 9, 2018, subject to meeting certain performance targets. The restricted stock units each convert into common stock on a one for one basis.