KIRBY CORP — Director's Dealing 2020

Feb 4, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KIRBY CORP (KEX)
CIK: 0000056047
Period of Report: 2020-01-31

Reporting Person: STRAHAN DORMAN LYNN (President-Kirby Engine Systems)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-31	Restricted Stock Units	$	A	2185	Acquired		Common Stock (2185)	Direct
2020-01-31	Employee Stock Options (Right to Buy)	$73.29	A	3963	Acquired	2027-01-31	Common Stock (3963)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive cash or one share of common stock of the issuer.

F2: The restricted stock units vest in five equal annual installments beginning on January 24, 2021. 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.

F3: Options are exercisable 33% after one year, 67% after two years and 100% after three years from date of grant.