KEYCORP /NEW/ 4
4 · KEYCORP /NEW/ · Filed Aug 3, 2016
Insider Transaction Report
Form 4
ADAMS AUSTIN A
Director
Transactions
- Award
Common Shares
2016-08-01+31,013→ 31,013 total
Footnotes (1)
- [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 and restricted stock unit award was converted into a KeyCorp restricted stock award or restricted stock unit 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 or restricted stock unit award multiplied by (ii) 0.88.