SEC Form 4 · accession 0000930420-17-000084
KFORCE INC · KFRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elaine Rosen
Director
Period of report
Mar 10, 2017
Accepted (ET)
Mar 14, 2017 · 4:24 pm EDT
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 Stock | holding | — | — | — | 23,886 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Mar 10, 2017 | J | 27 | A | — | — | Common Stock | 27 | 5,382 | D |
Explanation of responses
- F1The 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.
- F2The transaction is disclosing a dividend that is exempt from reporting under Rule 16a.
- F3As 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. On February 3, 2017, the issuer declared a cash dividend of $0.12 per share of common stock, payable March 24, 2017 to all shareholders of record on March 10, 2017. The 27 dividend equivalent rights being reported were credited to the reporting person's account on March 10, 2017.