SEC Form 4 · accession 0000098362-17-000014
TIMKEN CO · TKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip D. Fracassa
Officer — EVP & CFO
Period of report
Feb 11, 2017
Accepted (ET)
Feb 14, 2017 · 1:47 pm 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, 2017 | A | 1,587 | $0.00 | A | 29,871 | D | |
| Common Stock | Feb 11, 2017 | F | 574 | $45.20 | D | 29,297 | D | |
| Common StockF2 | Feb 12, 2017 | A | 1,131 | $0.00 | A | 30,428 | D | |
| Common Stock | Feb 12, 2017 | F | 359 | $45.20 | D | 30,069 | D | |
| Common Stock | holding | — | — | — | 3,584 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitF3 | $0.00 | Feb 13, 2017 | A | 4,075 | A | — | Feb 13, 2021 | Common Stock | 4,075 | 4,075 | D |
| Restricted Share UnitF4 | $0.00 | Feb 13, 2017 | A | 10,150 | A | — | Dec 31, 2019 | Common Stock | 10,150 | 10,150 | D |
| Employee Stock Option (right to buy)F5 | $45.35 | Feb 13, 2017 | A | 26,025 | A | Feb 13, 2018 | Feb 13, 2027 | Common Stock | 26,025 | 26,025 | D |
Explanation of responses
- F1Represents vesting of 25% of the restricted share units granted on February 11, 2016.
- F2Represents vesting of 25% of the restricted share units granted on February 12, 2015.
- F3Grant of 4,075 time-based restricted share units that vest 25% per year.
- F4Grant of 10,150 performance-based restricted share units subject to certain performance criteria between January 1, 2017 and December 31, 2019.
- F5These options will become exercisable in annual 25% increments beginning on February 13, 2018.