Kennedy-Wilson Holdings, Inc. 4
4 · Kennedy-Wilson Holdings, Inc. · Filed Nov 14, 2014
Insider Transaction Report
Form 4
Minella David A.
DirectorChief Executive Officer10% Owner
Transactions
- Exercise of In-Money
Common Stock
2014-11-14$12.50/sh+2,710,742$33,884,275→ 3,582,128 total - Tax Payment
Common Stock
2014-11-14$27.36/sh−1,238,596$33,887,987→ 2,343,532 total - Exercise of In-Money
Sponsors' Warrants
2014-11-14−2,710,742→ 0 totalExercise: $12.50From: 2009-11-13Exp: 2014-11-13→ Common Stock, par value $0.0001 per share (2,710,742 underlying)
Footnotes (3)
- [F1]On November 14, 2014, the Reporting Person exercised warrants to purchase 2,710,742 shares of the Issuer's common stock for $12.5 a share. The Reporting Person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 1,238,596 of the warrant shares to pay the exercise price and issuing to the Reporting Person the remaining 1,472,146 shares.
- [F2]Represents an average of the closing price of the Issuer's common stock for the ten trading days ending on the trading day prior to the date of exercise as provided for in the Warrant Agreement.
- [F3]Reflects transfer on April 9, 2012 from Flat Ridge Investments LLC to Reporting Person.