SEC Form 4 · accession 0000098362-16-000085
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 11, 2016
Accepted (ET)
Feb 16, 2016 · 8:43 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 StockF1 | Feb 11, 2016 | A | 10,667 | $0.00 | A | 63,850 | D | |
| Common StockF2 | Feb 11, 2016 | F | 3,291 | $28.11 | D | 60,559 | D | |
| Common StockF3 | Feb 12, 2016 | A | 5,118 | $0.00 | A | 65,677 | D | |
| Common StockF4 | Feb 12, 2016 | F | 1,579 | $29.17 | D | 64,098 | D | |
| Common Stock | holding | — | — | — | 4,392 | 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)F5 | $27.75 | Feb 11, 2016 | A | 183,800 | A | Feb 11, 2017 | Feb 11, 2026 | Common Stock | 183,800 | 183,800 | D |
| Restricted Share UnitF6 | $0.00 | Feb 11, 2016 | A | 71,675 | A | — | Dec 31, 2018 | Common Stock | 71,675 | 71,675 | D |
| Restricted Share UnitF7 | $0.00 | Feb 11, 2016 | A | 28,675 | A | — | Feb 11, 2020 | Common Stock | 28,675 | 28,675 | D |
Explanation of responses
- F1Reflects shares awarded pursuant to the second half of the 2013-2015 performance cycle for the strategic performance shares granted on February 7, 2013.
- F2Shares withheld for taxes on 10,667 shares granted from vesting of February 7, 2013 performance share unit grant.
- F3Represents vesting of 25% of the restricted share units granted on February 12, 2015.
- F4Shares withheld for taxes on 5,118 shares granted from vesting of February 12, 2015 restricted share unit grant.
- F5These options will become exercisable in annual 25 percent increments beginning on February 11, 2017.
- F6Performance based restricted stock units subject to certain performance criteria between January 1, 2016 and December 31, 2018.
- F7Grant of 28,675 restricted stock units that vest 25% per year.