SEC Form 4 · accession 0000098362-16-000088
TIMKEN CO · TKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William R Burkhart
Officer — EVP, GC and Secretary
Period of report
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 8:44 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,F2 | Feb 11, 2016 | A | 1,947 | $0.00 | A | 35,647 | D | |
| Common StockF3 | Feb 11, 2016 | F | 595 | $28.11 | D | 35,052 | D | |
| Common StockF4 | Feb 12, 2016 | A | 731 | $0.00 | A | 35,783 | D | |
| Common StockF5 | Feb 12, 2016 | F | 220 | $29.17 | D | 35,563 | D | |
| Common Stock | holding | — | — | — | 5,502 | 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)F6 | $27.75 | Feb 11, 2016 | A | 26,250 | A | Feb 11, 2017 | Feb 11, 2026 | Common Stock | 26,250 | 26,250 | D |
| Restricted Share UnitF7 | $0.00 | Feb 11, 2016 | A | 10,250 | A | — | Dec 31, 2018 | Common Stock | 10,250 | 10,250 | D |
| Restricted Share UnitF8 | $0.00 | Feb 11, 2016 | A | 4,100 | A | — | Feb 11, 2020 | Common Stock | 4,100 | 4,100 | 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.
- F2Includes 7 shares earned through dividend reinvestment.
- F3Shares withheld for taxes on 1,947 shares granted from vesting of February 7, 2013 performance share unit grant.
- F4Represents vesting of 25% of the restricted share units granted on February 12, 2015.
- F5Shares withheld for taxes on 731 shares granted from vesting of February 12, 2015 restricted share unit grant.
- F6These options will become exercisable in annual 25 percent increments beginning on February 11, 2017.
- F7Performance based restricted stock units subject to certain performance criteria between January 1, 2016 and December 31, 2018.
- F8Grant of 4,100 restricted stock units that vest 25% per year.