SEC Form 4 · accession 0001294671-18-000061
KEYCORP /NEW/ · KEY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexander M Cutler
Director
Period of report
Jun 30, 2018
Accepted (ET)
Jul 2, 2018 · 4:58 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 SharesF1 | Jul 1, 2018 | M | 27,828 | — | A | 82,828 | D | |
| Common SharesF2 | Jul 1, 2018 | M | 92,941 | — | A | 175,769 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred SharesF4,F1,F3 | — | Jun 30, 2018 | A | 831 | A | — | — | Common Shares | 831 | 82,276 | D |
| Deferred SharesF1 | — | Jul 1, 2018 | M | 27,828 | D | Jul 1, 2018 | Jul 1, 2018 | Common Shares | 27,828 | 54,448 | D |
| Deferred SharesF5,F2 | — | Jul 1, 2018 | M | 92,941 | D | Jul 1, 2018 | Jul 1, 2018 | Common Shares | 92,941 | 0 | D |
Explanation of responses
- F1Directors may elect to defer the payment of directors' fees into the Directors' Deferred Share Sub-Plan to the KeyCorp 2013 Equity Compensation Plan (the "Deferred Share Plan"). The deferred fees are converted into deferred shares, which are the economic equivalent of common shares.
- F2Prior to 2014, directors were permitted to defer the payment of directors' fees into the KeyCorp Second Directors' Deferred Compensation Plan ("Deferred Compensation Plan"). The deferred fees were converted to deferred shares, which are the economic equivalent of common shares. These deferred shares are being distributed as common shares pursuant to the terms of the Deferred Compensation Plan.
- F3Under the terms of the Deferred Share Plan, payment of the deferred shares has been deferred until the earlier of July 1, 2022 or the death of the participant.
- F4Includes approximately 477 dividend-equivalent deferred shares accrued under the Deferred Share Plan in June 2018.
- F5Includes approximately 8,546 dividend-equivalent deferred shares accrued under the Deferred Compensation Plan between March 2014 and June 2018.