SEC Form 4 · accession 0001294671-17-000008
KEYCORP /NEW/ · KEY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary M Crosby
Director
Period of report
Feb 1, 2017
Accepted (ET)
Feb 3, 2017 · 1:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000091576
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Feb 1, 2017 | M | 21,149 | $12.83 | A | 769,911 | D | |
| Common Shares | Feb 1, 2017 | F | 17,575 | $18.15 | D | 752,336 | D | |
| Common Shares | Feb 1, 2017 | M | 31,157 | $16.41 | A | 783,493 | D | |
| Common Shares | Feb 1, 2017 | F | 29,328 | $18.12 | D | 754,165 | D | |
| Common Shares | Feb 1, 2017 | M | 40,421 | $15.68 | A | 794,586 | D | |
| Common Shares | Feb 1, 2017 | F | 36,949 | $18.14 | D | 757,637 | D | |
| Common Shares | Feb 1, 2017 | M | 72,784 | $11.19 | A | 830,421 | D | |
| Common Shares | Feb 1, 2017 | F | 55,192 | $18.15 | D | 775,229 | D | |
| Common Shares | Feb 1, 2017 | M | 101,382 | $10.07 | A | 876,611 | D | |
| Common Shares | Feb 1, 2017 | F | 77,702 | $18.14 | D | 798,909 | D | |
| Common Shares | Feb 1, 2017 | M | 214,844 | $10.54 | A | 1,013,753 | D | |
| Common Shares | Feb 1, 2017 | F | 171,203 | $18.16 | D | 842,550 | D | |
| Common Shares | holding | — | — | — | 641 | I | 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to BuyF2,F1 | $12.83 | Feb 1, 2017 | M | 21,149 | D | — | Jul 13, 2019 | Common Shares | 21,149 | 0 | D |
| Option to BuyF2,F3 | $16.41 | Feb 1, 2017 | M | 31,157 | D | — | Jan 25, 2020 | Common Shares | 31,157 | 0 | D |
| Option to BuyF2,F4 | $15.68 | Feb 1, 2017 | M | 40,421 | D | — | Jan 24, 2021 | Common Shares | 40,421 | 0 | D |
| Option to BuyF2,F5,F6 | $11.19 | Feb 1, 2017 | M | 72,784 | D | — | Aug 5, 2021 | Common Shares | 72,784 | 0 | D |
| Option to BuyF2,F7,F6 | $10.07 | Feb 1, 2017 | M | 101,382 | D | — | Aug 5, 2017 | Common Shares | 101,382 | 0 | D |
| Option to BuyF2,F8,F6 | $10.54 | Feb 1, 2017 | M | 214,844 | D | — | Aug 5, 2017 | Common Shares | 214,844 | 0 | D |
Explanation of responses
- F1This option vested in three equal annual installments ending on July 13, 2012.
- F2This option was assumed by KeyCorp in the merger with First Niagara Financial Group, Inc. ("FNFG") and converted into a stock option exercisable for a number of whole shares (rounded down to the nearest whole share) equal to (i) the number of shares of FNFG common stock subject to such option multipled by (ii) 0.88.
- F3This option vested in three equal annual installments ending on January 25, 2013.
- F4This option vested in three equal annual installments ending on January 24, 2014.
- F5This option vested in three equal annual installments ending on March 30, 2015.
- F6The expiration date of this option was accelerated in connection with the merger of KeyCorp and FNFG pursuant to the terms of the plan under which the option was granted.
- F7This option vested in three equal annual installments ending on March 28, 2016.
- F8This option fully vested on August 5, 2016 in connection with the merger of KeyCorp and FNFG.