SEC Form 4 · accession 0000098362-17-000075
TIMKEN CO · TKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carolyn Cheverine
Officer — EVP, GC and Secretary
Period of report
May 30, 2017
Accepted (ET)
May 31, 2017 · 4:11 pm EDT
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 (Restricted)F1 | May 30, 2017 | A | 11,961 | $0.00 | A | 11,961 | D |
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)F2 | $46.40 | May 30, 2017 | A | 35,441 | A | May 30, 2018 | May 30, 2027 | Common Stock | 35,441 | 35,441 | D |
Explanation of responses
- F1Grant of 11,961 deferred shares that vest 100% on May 30, 2022.
- F2These options will become exercisable in annual 25 percent increments beginning on May 30, 2018.