SEC Form 4 · accession 0000098362-17-000029
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 13, 2017
Accepted (ET)
Feb 15, 2017 · 6:03 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 13, 2017 | A | 6,600 | $0.00 | A | 43,277 | D | |
| Common Stock | Feb 13, 2017 | F | 2,037 | $45.85 | D | 41,240 | D | |
| Common Stock | Feb 13, 2017 | M | 6,562 | $27.75 | A | 47,802 | D | |
| Common Stock | Feb 13, 2017 | F | 791 | $45.49 | D | 47,011 | D | |
| Common Stock | Feb 13, 2017 | S | 5,771 | $45.49 | D | 41,240 | D | |
| Common Stock | Feb 13, 2017 | M | 13,700 | $37.31 | A | 54,940 | D | |
| Common Stock | Feb 13, 2017 | F | 772 | $45.49 | D | 54,168 | D | |
| Common Stock | Feb 13, 2017 | S | 12,928 | $45.49 | D | 41,240 | D | |
| Common Stock | Feb 13, 2017 | M | 11,600 | $35.97 | A | 52,840 | D | |
| Common Stock | Feb 13, 2017 | F | 757 | $45.50 | D | 52,083 | D | |
| Common Stock | Feb 13, 2017 | S | 10,843 | $45.50 | D | 41,240 | D | |
| Common Stock | holding | — | — | — | 5,636 | 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 Options (right to buy)F2 | $27.75 | Feb 13, 2017 | M | 6,562 | D | — | Feb 11, 2026 | Common Stock | 6,562 | 19,688 | D |
| Employee Stock Option (right to buy)F3 | $37.31 | Feb 13, 2017 | M | 13,700 | D | — | Feb 9, 2022 | Common Stock | 13,700 | 0 | D |
| Employee Stock Option (right to buy)F4 | $35.97 | Feb 13, 2017 | M | 11,600 | D | — | Feb 8, 2021 | Common Stock | 11,600 | 0 | D |
Explanation of responses
- F1Represents vesting of 100% of the cliff vested restricted share units granted on February 13, 2014 and previously reported on Form 4.
- F26,562 stock options from 2-13-16 grant of 26,250 stock options (previously reported on a Form 4). The stock options vest in 25% increments per year from the date of grant.
- F313,700 stock options granted on 2-9-12 (previously reported on Form 4) that vested in 25% increments per year from the date of grant.
- F411,600 stock options granted on 2-8-11 (previously reported on Form 4) that vested in 25% increments per year from the date of grant.