KIRBY CORP — Director's Dealing 2019

Feb 5, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KIRBY CORP (KEX)
CIK: 0000056047
Period of Report: 2019-02-01

Reporting Person: Grzebinski David W (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-01	Common Stock, par value $.10 per share	G	1500	—	Disposed	67914	Direct
2019-02-05	Common Stock, par value $.10 per share	M	8052	$65.28	Acquired	75966	Direct
2019-02-05	Common Stock, par value $.10 per share	S	8052	$75.2427	Disposed	67914	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-01	Restricted Stock Units	$	A	17855	Acquired		Common Stock (17855)	Direct
2019-02-01	Employee Stock Option (Right to Buy)	$73.93	A	29451	Acquired	2026-02-01	Common Stock (29451)	Direct
2019-02-05	Employee Stock Option (Right to Buy	$65.28	M	8052	Disposed	2019-02-15	Common Stock (8052)	Direct

Footnotes

F1: The reported price is the weighted average sales price. The sales were at prices ranging from $75.12 to $75.32 per share. The reporting person will provide, upon request by the commission staff, full information regarding the number of shares sold at each separate price.

F2: Each restricted stock unit represents a contingent right to receive cash or one share of common stock of the issuer.

F3: The restricted stock units vest in five equal annual installments beginning on January 24, 2020. Cash or shares of common stock of the issuer, at the election of the issuer, will be delivered to the reporting person on or as soon as practicable after the vesting dates.

F4: Option is exercisable 33% after one year, 67% after two years and 100% after three years from the date of grant.