SEC Form 4 · accession 0000098362-15-000017
TIMKEN CO · TKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard G Kyle
Officer — President and CEO · Director
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 8:23 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000098362
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 53,183 | D | ||
| Common Stock | holding | — | — | — | 4,063 | I | 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $41.79 | Feb 12, 2015 | A | 111,050 | A | Feb 12, 2016 | Feb 12, 2025 | Common Stock | 111,050 | 111,050 | D |
| Restricted Share UnitF2 | $0.00 | Feb 12, 2015 | A | 51,175 | A | — | Dec 31, 2017 | Common Stock | 51,175 | 51,175 | D |
| Restricted Share UnitF3 | $0.00 | Feb 12, 2015 | A | 20,475 | A | — | Feb 12, 2019 | Common Stock | 20,475 | 20,475 | D |
Explanation of responses
- F1The option will become exercisable in annual 25 percent increments beginning on February 12, 2016.
- F2Performance based restricted stock units subject to certain performance criteria between January 1, 2015 and December 31, 2017.
- F3Grant of 20,475 restricted stock units that vest 25% per year.