Initial Statement of Beneficial Ownership (3)
November 13 2019 - 9:09AM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
Estimated average burden hours per response...
0.5
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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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Patel Hansal N. |
2. Date of Event Requiring Statement (MM/DD/YYYY)
11/12/2019
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3. Issuer Name and Ticker or Trading Symbol
TIMKEN CO [TKR]
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(Last)
(First)
(Middle)
4500 MT. PLEASANT ST. NW |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) VP, GC, and Secretary / |
(Street)
NORTH CANTON, OH 44720
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 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 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 | 1154 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: 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) | 2/11/2017 (1) | 2/11/2026 | Common Stock | 1105.0 | $27.75 | D | |
Employee Stock Option (right to buy) | 2/13/2018 (1) | 2/13/2027 | Common Stock | 1200.0 | $45.35 | D | |
Employee Stock Option (right to buy) | 2/12/2019 (1) | 2/12/2028 | Common Stock | 1750.0 | $44.65 | D | |
Employee Stock Option (right to buy) | 2/12/2020 (1) | 2/12/2029 | Common Stock | 3870.0 | $42.6 | D | |
Restricted Share Unit | (2) | 2/11/2020 | Common Stock | 153.0 | $0.0 | D | |
Restricted Share Unit | (3) | 2/13/2021 | Common Stock | 125.0 | $0.0 | D | |
Restricted Share Unit | (4) | 2/12/2022 | Common Stock | 225.0 | $0.0 | D | |
Restricted Share Unit | (5) | 2/12/2023 | Common Stock | 590.0 | $0.0 | D | |
Restricted Share Unit | (6) | 12/31/2019 | Common Stock | 630.0 | $0.0 | D | |
Restricted Share Unit | (7) | 12/31/2020 | Common Stock | 680.0 | $0.0 | D | |
Restricted Share Unit | (8) | 12/31/2021 | Common Stock | 1460.0 | $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. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Patel Hansal N. 4500 MT. PLEASANT ST. NW NORTH CANTON, OH 44720 |
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| VP, GC, and Secretary |
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Signatures
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/s/ Hansal N. Patel | | 11/12/2019 |
**Signature of Reporting Person | Date |
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