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KEYCORP /NEW/ — Director's Dealing 2016
Aug 3, 2016
30283_dirs_2016-08-03_7ec3df2e-9c99-43e8-b9f7-cdfd18af0f80.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2016-08-01
Reporting Person: Highsmith Carlton L (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-08-01 | Common Shares | A | 61125 | — | Acquired | 61125 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-08-01 | Option to Buy | $16.70 | A | 5909 | Acquired | 2016-11-28 | Common Shares (5909) | Direct |
| 2016-08-01 | Option to Buy | $13.06 | A | 7600 | Acquired | 2017-11-05 | Common Shares (7600) | Direct |
| 2016-08-01 | Option to Buy | $13.93 | A | 6963 | Acquired | 2018-11-03 | Common Shares (6963) | Direct |
| 2016-08-01 | Option to Buy | $11.38 | A | 9515 | Acquired | 2019-11-02 | Common Shares (9515) | Direct |
Footnotes
F1: Acquired pursuant to the Agreement and Plan of Merger by and among First Niagara Financial Group, Inc. ("FNFG") and KeyCorp dated October 30, 2015 (the "Merger Agreement"), pursuant to which FNFG was merged with and into KeyCorp, effective August 1, 2016 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of FNFG common stock was exchanged, in part, for 0.68 shares of KeyCorp common stock. Each unvested FNFG restricted stock award was converted into a KeyCorp restricted stock award for a number of whole shares (rounded down to the nearest whole share) of KeyCorp common stock equal to (i) the amount of FNFG common stock underlying such restricted stock award multiplied by (ii) 0.88.
F2: This option vested in three equal annual installments ending on January 1, 2009.
F3: This option was assumed by KeyCorp in the Merger and converted into a stock option exercisable for a number of whole shares (rounded down to the nearest whole share) equal to (i) the number of shares of FNFG common stock subject to such option multipled by (ii) 0.88.
F4: This option vested in three equal annual installments ending on November 5, 2010.
F5: This option vested in three equal annual installments ending on November 3, 2011.
F6: This option vested in three equal annual installments ending on November 2, 2012.