SEC Form 4 · accession 0000930420-16-000582
KFORCE INC · KFRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ralph Struzziero
Director
Period of report
Dec 12, 2016
Accepted (ET)
Dec 13, 2016 · 4:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000930420
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 12, 2016 | S | 3,584 | $23.90 | D | 55,803 | D | |
| Common StockF2 | holding | — | — | — | 1,987 | I | By:Spouse |
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,F5 | — | Dec 9, 2016 | J | 27 | A | — | — | Common Stock | 27 | 5,355 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $23.90 to $23.905. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
- F2The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
- F3The Restricted Stock Units ("RSUs") were granted under the Company's 2016 Stock Incentive Plan ("Plan") in consideration of the reporting person's service as a director. Each RSU represents a contingent right to receive one share of Kforce Inc. common stock.
- F4The transaction is disclosing a dividend that is exempt from reporting under Rule 16a.
- F5As previously reported, on April 29, 2016 the reporting person was granted 5,260 RSUs, which vest one year from the date of grant subject to the reporting person's continued service with Kforce Inc. as of the vesting date. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Kforce Inc. common stock. The 27 dividend equivalent rights being reported were credited to the reporting person's account on December 9, 2016.