SEC Form 4 · accession 0000098362-18-000020
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, 2018
Accepted (ET)
Feb 13, 2018 · 5:50 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, 2018 | A | 1,588 | $0.00 | A | 33,016 | D | |
| Common Stock | Feb 11, 2018 | F | 527 | $43.88 | D | 32,489 | D | |
| Common StockF2 | Feb 12, 2018 | A | 1,131 | $0.00 | A | 33,620 | D | |
| Common Stock | Feb 12, 2018 | F | 315 | $44.58 | D | 33,305 | D | |
| Common StockF3 | Feb 12, 2018 | A | 6,238 | $0.00 | A | 39,543 | D | |
| Common Stock | Feb 12, 2018 | F | 1,743 | $45.23 | D | 37,800 | D | |
| Common Stock | holding | — | — | — | 3,671 | 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 UnitF4 | $0.00 | Feb 12, 2018 | A | 4,525 | A | — | Feb 12, 2022 | Common Stock | 4,525 | 4,525 | D |
| Restricted Share UnitF5 | $0.00 | Feb 12, 2018 | A | 11,300 | A | — | Dec 31, 2020 | Common Stock | 11,300 | 11,300 | D |
| Employee Stock Options (right to buy)F6 | $44.65 | Feb 12, 2018 | A | 29,400 | A | Feb 12, 2019 | Feb 12, 2028 | Common Stock | 29,400 | 29,400 | 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.
- F3Represents award of shares pursuant to vesting of performance-based restricted share units granted on February 12, 2015.
- F4Grant of 4,525 time-based restricted share units that vest 25% per year.
- F5Grant of 11,300 performance-based restricted share units subject to certain performance criteria between January 1, 2018 and December 31, 2020.
- F6These options will become exercisable in annual 25% increments beginning on February 12, 2019.