SEC Form 4 · accession 0000098362-18-000023
TIMKEN CO · TKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shelly Marie Chadwick
Officer — Chief Accounting Officer
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,F2 | Feb 11, 2018 | A | 185 | $0.00 | A | 1,192 | D | |
| Common Stock | Feb 11, 2018 | F | 62 | $43.88 | D | 1,130 | D | |
| Common StockF3 | Feb 12, 2018 | A | 132 | $0.00 | A | 1,262 | D | |
| Common Stock | Feb 12, 2018 | F | 44 | $44.58 | D | 1,218 | D | |
| Common StockF4 | Feb 12, 2018 | A | 729 | $0.00 | A | 1,947 | D | |
| Common Stock | Feb 12, 2018 | F | 242 | $45.23 | D | 1,705 | D | |
| Common Stock | holding | — | — | — | 969 | 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 UnitF5 | $0.00 | Feb 12, 2018 | A | 975 | A | — | Feb 12, 2022 | Common Stock | 975 | 975 | D |
| Restricted Share UnitF6 | $0.00 | Feb 12, 2018 | A | 2,400 | A | — | Dec 31, 2020 | Common Stock | 2,400 | 2,400 | D |
| Employee Stock Option (right to buy)F7 | $44.65 | Feb 12, 2018 | A | 6,225 | A | Feb 12, 2019 | Feb 12, 2028 | Common Stock | 6,225 | 6,225 | D |
Explanation of responses
- F1Represents vesting of 25% of the restricted share units granted on February 11, 2016.
- F2Includes 30 shares earned through dividend reinvestment in 2017.
- F3Represents vesting of 25% of the restricted share units granted on February 12, 2015.
- F4Represents award of shares pursuant to vesting of performance based restricted share units granted on February 15, 2015.
- F5Grant of 975 time-based restricted share units that vest 25% per year.
- F6Grant of 2,400 performance-based restricted share units subject to certain performance criteria between January 1, 2018 and December 31, 2020.
- F7These options will become exercisable in annual 25% increments beginning on February 12, 2019.