SEC Form 4 · accession 0001294671-17-000026
KEYCORP /NEW/ · KEY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew J Paine III
Officer — Co-Head Corporate Bank
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 5:11 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 | Feb 17, 2017 | M | 84,326 | — | A | 116,082 | D | |
| Common Shares | Feb 17, 2017 | F | 35,181 | $18.96 | D | 80,901 | D | |
| Common SharesF2 | holding | — | — | — | 17,731 | I | 401(k) Plan | |
| Common Shares | holding | — | — | — | 31,806 | I | By spouse | |
| Common Shares | holding | — | — | — | 445 | I | By Paine Investments LP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1,F4 | — | Feb 17, 2017 | M | 37,133 | D | — | — | Common Shares | 37,133 | 0 | D |
| Restricted Stock UnitsF6,F1,F5 | — | Feb 17, 2017 | M | 8,664 | D | — | — | Common Shares | 8,664 | 8,664 | D |
| Restricted Stock UnitsF8,F1,F7 | — | Feb 17, 2017 | M | 10,295 | D | — | — | Common Shares | 10,295 | 20,589 | D |
| Restricted Stock UnitsF10,F1,F9 | — | Feb 17, 2017 | M | 28,234 | D | — | — | Common Shares | 28,234 | 84,704 | D |
| Restricted Stock UnitsF1,F11 | — | Feb 20, 2017 | A | 37,974 | A | — | — | Common Shares | 37,974 | 37,974 | D |
| Option to BuyF12 | $18.96 | Feb 20, 2017 | A | 39,130 | A | — | Feb 20, 2027 | Common Shares | 39,130 | 39,130 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive one KeyCorp common share at vesting.
- F10Includes approximately 2,095 dividend-equivalent restricted stock units accrued between June 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.
- F2Reported as of February 9, 2017.
- F3Includes approximately 689 dividend-equivalent restricted stock units accrued between June and December 2016.
- F4These restricted stock units, granted on February 17, 2014, vested in full on February 17, 2017.
- F5These restricted stock units, granted on February 17, 2014, vest in four equal annual installments that began on February 17, 2015.
- F6Includes approximately 321 dividend-equivalent restricted stock units accrued between June 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 573 dividend-equivalent restricted stock units accrued between June and December 2016.
- F9The restricted stock units, granted on February 15, 2016, vest in four equal annual installments beginning on February 17, 2017.