SEC Form 4 · accession 0000098362-19-000021
TIMKEN CO · TKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher A Coughlin
Officer — EVP & Group President
Period of report
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 2:53 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 12, 2019 | A | 1,600 | $0.00 | A | 88,369 | D | |
| Common Stock | Feb 12, 2019 | F | 686 | $43.18 | D | 87,683 | D | |
| Common StockF2 | Feb 12, 2019 | A | 1,462 | $0.00 | A | 89,145 | D | |
| Common Stock | Feb 12, 2019 | F | 627 | $43.18 | D | 88,518 | D | |
| Common Stock | holding | — | — | — | 18,587 | 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 UnitF3 | $0.00 | Feb 12, 2019 | A | 6,125 | A | — | Feb 12, 2023 | Common Stock | 6,125 | 6,125 | D |
| Restricted Share UnitF4 | $0.00 | Feb 12, 2019 | A | 15,275 | A | — | Dec 31, 2021 | Common Stock | 15,275 | 15,275 | D |
| Employee Stock Option (right to buy)F5 | $42.60 | Feb 12, 2019 | A | 40,750 | A | Feb 12, 2020 | Feb 12, 2029 | Common Stock | 40,750 | 40,750 | D |
Explanation of responses
- F1Represents vesting of 25% of the time-based restricted share units granted on February 12, 2015.
- F2Represents vesting of 25% of the time-based restricted share units granted on February 12, 2018.
- F3Grant of 6,125 time-based restricted share units that vest 25% per year.
- F4Grant of 15,275 performance-based restricted share units subject to certain performance criteria between January 1, 2019 and December 31, 2021.
- F5These options will become exercisable in annual 25% increments beginning on February 12, 2020.