SEC Form 4 · accession 0000098362-18-000022
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
Feb 12, 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 Stock (Restricted) | holding | — | — | — | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitF1 | $0.00 | Feb 12, 2018 | A | 2,025 | A | — | Feb 12, 2022 | Common Stock | 2,025 | 2,025 | D |
| Restricted Share UnitF2 | $0.00 | Feb 12, 2018 | A | 5,075 | A | — | Dec 31, 2020 | Common Stock | 5,075 | 5,075 | D |
| Employee Stock Option (right to buy)F3 | $44.65 | Feb 12, 2018 | A | 13,150 | A | Feb 12, 2019 | Feb 12, 2028 | Common Stock | 13,150 | 13,150 | D |
Explanation of responses
- F1Grant of 2,025 time-based restricted share units that vest 25% per year.
- F2Grant of 5,075 performance-based restricted share units subject to certain performance criteria between January 1, 2018 and December 31, 2020.
- F3These options will become exercisable in annual 25% increments beginning on February 12, 2019.