Statement of Changes in Beneficial Ownership (4)
November 06 2019 - 4:15PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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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
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Coughlin Christopher A |
2. Issuer Name and Ticker or Trading Symbol
TIMKEN CO
[
TKR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP & Group President
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(Last)
(First)
(Middle)
4500 MT. PLEASANT ST. NW |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/4/2019
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(Street)
NORTH CANTON, OH 44720
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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11/4/2019
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M
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26200
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A
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$37.31
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115539
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D
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Common Stock
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11/4/2019
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F
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3256
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D
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$52.56
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112283
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D
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Common Stock
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11/4/2019
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S
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22944
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D
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$53.01 (1)
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89339
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D
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Common Stock
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11/4/2019
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M
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27600
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A
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$35.97
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116939
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D
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Common Stock
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11/4/2019
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F
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3731
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D
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$52.55
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113208
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D
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Common Stock
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11/4/2019
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S
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23869
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D
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$52.99 (2)
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89339
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D
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Common Stock (3)
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11/4/2019
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I
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9629
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D
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$53.07
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9629
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I
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401(k)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code (Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)
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8. Price of Derivative Security (Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Employee Stock Option (right to buy) (4)
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$37.31
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11/4/2019
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M
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26200
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2/9/2013
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2/9/2022
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Common Stock
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26200.0
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$0
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0
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D
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Employee Stock Option (right to buy) (5)
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$35.97
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11/4/2019
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M
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27600
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2/8/2012
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2/8/2021
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Common Stock
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27600.0
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$0
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0
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D
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Explanation of Responses:
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(1)
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This transaction was executed in multiple trades at prices ranging from $52.58 to $53.30. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
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(2)
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This transaction was executed in multiple trades at prices ranging from $52.58 to $53.30. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
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(3)
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On June 26, 2018, the Company announced that effective January 1, 2019 the primary U.S. Company sponsored 401(k) plan would no longer allow contributions to be made to the employer stock fund to align with industry trends to remove investment in the employer's stock as an option in a company sponsored 401(k) plan. All participants in this plan, including the named officer, are required to transfer remaining funds in the employer stock fund to other fund options by December 31, 2022.
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(4)
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26,200 stock options granted on 02/09/2012 (previously reported on Form 4) that vested in 25% increments per year from date of grant.
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(5)
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27,600 stock options granted on 02/08/2011 (previously reported on Form 4) that vested in 25% increments per year from date of grant.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Coughlin Christopher A 4500 MT. PLEASANT ST. NW NORTH CANTON, OH 44720
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EVP & Group President
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Signatures
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/s/ Christopher A. Coughlin
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11/6/2019
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**Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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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 control number.
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