KAISER ALUMINUM CORP — Director's Dealing 2020

Mar 9, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KAISER ALUMINUM CORP (KALU)
CIK: 0000811596
Period of Report: 2020-03-05

Reporting Person: West Neal E (SVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-05	Common Stock, par value $0.01 per share	A	3311	—	Acquired	8298	Direct
2020-03-05	Common Stock, par value $0.01 per share	A	1389	—	Acquired	9687	Direct
2020-03-05	Common Stock, par value $0.01 per share	F	509	$93.22	Disposed	9178	Direct
2020-03-05	Common Stock, par value $0.01 per share	F	372	$93.22	Disposed	8806	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share	3467	Indirect

Footnotes

F1: Grant to the reporting person effective as of March 5, 2020 of restricted stock units under the Kaiser Aluminum Corporation 2016 Equity and Incentive Compensation Plan. All restrictions will lapse on March 5, 2023 or earlier upon the occurrence of certain specified circumstances.

F2: Includes 8,298 shares acquired pursuant to grants of restricted stock units.

F3: Shares earned upon the vesting on March 5, 2020 of certain performance shares granted to the reporting person in 2017 under the Kaiser Aluminum Corporation 2006 Equity and Performance Incentive Plan, as amended. On March 5, 2020, the Registrant's compensation committee certified the performance shares payout multiplier based on the level of achievement by the Registrant of certain pre-established performance goals for 2017 through 2019.

F4: Shares withheld to satisfy the withholding tax obligations resulting from the vesting on March 5, 2020 of the above-referenced performance shares.

F5: Shares withheld to satisfy the withholding tax obligations resulting from the vesting on March 5, 2020 of certain restricted stock units granted to the reporting person in 2017 under the Kaiser Aluminum Corporation 2006 Equity and Performance Incentive Plan, as amended.

F6: Includes 7,246 shares acquired pursuant to grants of restricted stock units.