SEC Form 3
FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
| 2. Date of Event Requiring Statement (Month/Day/Year) 11/12/2019 | 3. Issuer Name and Ticker or Trading Symbol TIMKEN CO [ TKR ] | |||||||||||||
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| 5. If Amendment, Date of Original Filed (Month/Day/Year) | ||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 1,154 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (right to buy) | 02/11/2017(1) | 02/11/2026 | Common Stock | 1,105 | 27.75 | D | |
Employee Stock Option (right to buy) | 02/13/2018(1) | 02/13/2027 | Common Stock | 1,200 | 45.35 | D | |
Employee Stock Option (right to buy) | 02/12/2019(1) | 02/12/2028 | Common Stock | 1,750 | 44.65 | D | |
Employee Stock Option (right to buy) | 02/12/2020(1) | 02/12/2029 | Common Stock | 3,870 | 42.6 | D | |
Restricted Share Unit | (2) | 02/11/2020 | Common Stock | 153 | 0.0 | D | |
Restricted Share Unit | (3) | 02/13/2021 | Common Stock | 125 | 0.0 | D | |
Restricted Share Unit | (4) | 02/12/2022 | Common Stock | 225 | 0.0 | D | |
Restricted Share Unit | (5) | 02/12/2023 | Common Stock | 590 | 0.0 | D | |
Restricted Share Unit | (6) | 12/31/2019 | Common Stock | 630 | 0.0 | D | |
Restricted Share Unit | (7) | 12/31/2020 | Common Stock | 680 | 0.0 | D | |
Restricted Share Unit | (8) | 12/31/2021 | Common Stock | 1,460 | 0.0 | D |
Explanation of Responses: |
1. Options become exercisable in annual 25% increments from the date of grant. |
2. Remaining restricted share units from February 11, 2016 grant of 610 time based restricted share units that vest 25% per year. |
3. Remaining restricted share units from February 13, 2017 grant of 250 time based restricted share units that vest 25% per year. |
4. Remaining restricted share units from February 12, 2018 grant of 300 time based restricted share units that vest 25% per year. |
5. February 12, 2019 grant of 590 time based restricted share units that vest 25% per year. |
6. Performance based restricted share units subject to certain performance criteria between January 1, 2017 and December 31, 2019. |
7. Performance based restricted share units subject to certain performance criteria between January 1, 2018 and December 31, 2020. |
8. Performance based restricted share units subject to certain performance criteria between January 1, 2019 and December 31, 2021. |
Remarks: |
/s/ Hansal N. Patel | 11/12/2019 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |