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Corteva, Inc. — Director's Dealing 2019
Jun 10, 2019
30037_dirs_2019-06-10_b5746d5b-f470-4bf5-87b8-ac93de7d8826.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Corteva, Inc. (CTVA)
CIK: 0001755672
Period of Report: 2019-06-01
Reporting Person: TITUS BRIAN (See Remarks)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 10379.6851 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Non-Qualified Stock Options | $32.36 | 2022-02-03 | Common Stock (10807) | Direct | |
| Non-Qualified Stock Options | $26.76 | 2026-02-02 | Common Stock (10821) | Direct | |
| Non-Qualified Stock Options | $34.68 | 2027-02-01 | Common Stock (13060) | Direct | |
| Non-Qualified Stock Options | $41.94 | 2028-02-14 | Common Stock (2134) | Direct |
Footnotes
F1: On June 1, 2019, the Reporting Person received a dividend of one (1) share of Corteva, Inc. common stock for every three (3) shares of DowDuPont Inc. held by the Reporting Person, and the Reporting Person's equity awards denominated in DowDuPont common stock were adjusted, in part, into equity awards denominated in Corteva common stock, all as described in Corteva's Registration Statement on Form 10 filed with the Securities and Exchange Commission on May 6, 2019. This amount represents restricted stock units and related dividend equivalent units.
F2: In connection with the separation, certain outstanding DowDuPont stock options were converted into awards of options to purchase shares of the Issuer's common stock. The number of shares and exercise prices of each option award were adjusted in a manner intended to preserve the economic/intrinsic value of the original DowDuPont stock option.
F3: This option is fully vested and exercisable.
F4: 8,706 options are vested and exercisable. The remaining options will vest on February 2, 2020.
F5: 711 options are vested and exercisable. The remaining options will vest in two equal installments on February 15, 2020 and February 15, 2021.