SEC Form 4 · accession 0001294671-17-000095
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
Oct 26, 2017
Accepted (ET)
Oct 26, 2017 · 4:49 pm EDT
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 | Oct 24, 2017 | M | 25,000 | $11.16 | A | 110,052 | D | |
| Common Shares | Oct 24, 2017 | F | 19,817 | $18.55 | D | 90,235 | D | |
| Common Shares | Oct 24, 2017 | M | 20,000 | $6.12 | A | 110,235 | D | |
| Common Shares | Oct 24, 2017 | F | 13,025 | $18.55 | D | 97,210 | D | |
| Common Shares | Oct 24, 2017 | M | 34,696 | $9.26 | A | 131,906 | D | |
| Common SharesF1,F2 | Oct 24, 2017 | S | 46,854 | $18.56 | D | 85,052 | D | |
| Common Shares | holding | — | — | — | 29,230 | I | By spouse | |
| Common SharesF3 | holding | — | — | — | 17,918 | I | 401(k) Plan | |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to BuyF4 | $11.16 | Oct 24, 2017 | M | 25,000 | D | — | Jul 25, 2018 | Common Shares | 25,000 | 0 | D |
| Option to BuyF5 | $6.12 | Oct 24, 2017 | M | 20,000 | D | Mar 31, 2011 | Jun 12, 2019 | Common Shares | 20,000 | 0 | D |
| Option to BuyF6 | $9.26 | Oct 24, 2017 | M | 34,696 | D | — | Mar 4, 2021 | Common Shares | 34,696 | 0 | D |
Explanation of responses
- F1The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.52 to $18.59.
- F2The reporting person may provide to KeyCorp, any security holder of KeyCorp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
- F3Reported as of July 27, 2017.
- F4This option vested in three equal annual installments ending on July 25, 2011.
- F5This option, which was issued on June 12, 2009 in connection with KeyCorp's participation in the U.S. Treasury's Troubled Assets Relief Program ("TARP"), was fully vested on the date of grant, but not exercisable until KeyCorp's repayment of its TARP obligations (which occurred on the date shown).
- F6This option vested in four equal annual installments ending on March 4, 2015.