SEC Form 4 · accession 0001294671-17-000098
KEYCORP /NEW/ · KEY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carlton L Highsmith
Director
Period of report
Nov 3, 2017
Accepted (ET)
Nov 6, 2017 · 4:28 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 | Nov 3, 2017 | M | 7,600 | $13.06 | A | 68,725 | D | |
| Common Shares | Nov 3, 2017 | S | 7,600 | $18.39 | D | 61,125 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common SharesF2,F1 | $13.06 | Nov 3, 2017 | M | 7,600 | D | — | Nov 5, 2017 | Common Shares | 7,600 | 0 | D |
Explanation of responses
- F1This option vested in three equal annual installments ending on November 5, 2010.
- 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.