SEC Form 4 · accession 0001294671-17-000019
KEYCORP /NEW/ · KEY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher M. Gorman
Officer — Merger Integration Executive
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 5:04 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 SharesF1,F2 | Feb 17, 2017 | M | 58,522 | — | A | 441,161 | D | |
| Common Shares | Feb 17, 2017 | F | 20,479 | $18.96 | D | 420,682 | D | |
| Common SharesF3 | Feb 20, 2017 | A | 75,422 | — | A | 496,104 | D | |
| Common Shares | Feb 20, 2017 | F | 36,165 | $18.96 | D | 459,939 | D | |
| Common SharesF4 | holding | — | — | — | 3,546 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F1,F5 | — | Feb 17, 2017 | M | 16,504 | D | — | — | Common Shares | 16,504 | 16,503 | D |
| Restricted Stock UnitsF8,F1,F7 | — | Feb 17, 2017 | M | 18,550 | D | — | — | Common Shares | 18,550 | 37,098 | D |
| Restricted Stock UnitsF10,F1,F9 | — | Feb 17, 2017 | M | 23,468 | D | — | — | Common Shares | 23,468 | 70,403 | D |
| Restricted Stock UnitsF1,F11 | — | Feb 20, 2017 | A | 50,632 | A | — | — | Common Shares | 50,632 | 50,632 | D |
| Option to BuyF12 | $18.96 | Feb 20, 2017 | A | 52,173 | A | — | Feb 20, 2027 | Common Shares | 52,173 | 52,173 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive one KeyCorp common share at vesting.
- F10Includes approximately 2,356 dividend-equivalent restricted stock units accrued between March and December 2016.
- F11The restricted stock units, granted on February 20, 2017, vest in four equal annual installments beginning on February 17, 2018.
- F12The options to buy, granted on February 20, 2017, vest in four equal annual installments beginning on February 17, 2018.
- F2Includes approximately 7,281 common shares acquired through dividend reinvestments between March and December 2016, and approximately 535 common shares acquired under the KeyCorp Amended and Restated Discount Stock Purchase Plan between March 2016 and February 2017.
- F3These shares were received for no consideration upon the satisfaction of certain performance criteria underlying the performance share units granted on February 17, 2014.
- F4Reported as of February 9, 2017.
- F5The restricted stock units, granted on February 17, 2014, vest in four equal annual installments that began on February 17, 2015.
- F6Includes approximately 828 dividend-equivalent restricted stock units accrued between March and December 2016.
- F7The restricted stock units, granted on February 16, 2015, vest in four equal annual installments beginning on February 17, 2016.
- F8Includes approximately 1,397 dividend-equivalent restricted stock units accrued between March and December 2016.
- F9The restricted stock units, granted on February 15, 2016, vest in four equal annual installments beginning on February 17, 2017.