SEC Form 4 · accession 0001294671-18-000012
KEYCORP /NEW/ · KEY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher M. Gorman
Officer — Pres. of Banking & Vice Chair · 10% Owner
Period of report
Feb 15, 2018
Accepted (ET)
Feb 16, 2018 · 4:02 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 15, 2018 | M | 65,000 | $11.16 | A | 542,589 | D | |
| Common SharesF2,F3 | Feb 15, 2018 | S | 56,038 | $20.97 | D | 486,551 | D | |
| Common SharesF4 | holding | — | — | — | 3,608 | 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 BuyF5 | $11.16 | Feb 15, 2018 | M | 65,000 | D | — | Jul 25, 2018 | Common Shares | 65,000 | 0 | D |
Explanation of responses
- F1Includes approximately 2,052 common shares acquired through dividend reinvestments in December 2017 and approximately 98 common shares acquired under the KeyCorp Amended and Restated Discount Stock Purchase Plan between November 2017 and January 2018.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.96 to $20.98.
- F3The 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.
- F4Reported as of January 26, 2018.
- F5This option vested in three equal annual installments ending on July 25, 2011.