Patrick J. Ottensmeyer - Dec 14, 2021 Form 4 Insider Report for KANSAS CITY SOUTHERN (KSU)

Role
President & CEO, Director
Signature
Julie D. Powell, Attorney-in-fact
Stock symbol
KSU
Transactions as of
Dec 14, 2021
Transactions value $
-$1,574,776
Form type
4
Date filed
12/15/2021, 03:44 PM
Previous filing
Oct 22, 2021
Next filing
Jun 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KSU Common Stock Gift $0 -660 -0.53% $0.00 125K Jul 22, 2021 Direct
transaction KSU Common Stock Gift $0 -55 -0.04% $0.00 125K Jul 26, 2021 Direct
transaction KSU Common Stock Gift $0 -12.5K -10.01% $0.00 112K Oct 7, 2021 Direct
transaction KSU Common Stock Gift $0 -23K -20.47% $0.00 89.3K Oct 21, 2021 Direct
transaction KSU Common Stock Gift $0 -100 -0.11% $0.00 89.2K Dec 8, 2021 Direct
transaction KSU Common Stock Tax liability -$1.57M -5.42K -6.07% $290.71 83.8K Dec 14, 2021 Direct F2
transaction KSU Common Stock Disposed to Issuer -83.8K -100% 0 Dec 14, 2021 Direct F1
transaction KSU Common Stock Disposed to Issuer -261 -100% 0 Dec 14, 2021 By 401(k) & P/S Plan F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KSU Employee Stock Option (Right to Buy) Disposed to Issuer -3.67K -100% 0 Dec 14, 2021 Common Stock 3.67K $97.77 Direct F4
transaction KSU Employee Stock Option (Right to Buy) Disposed to Issuer -3.88K -100% 0 Dec 14, 2021 Common Stock 3.88K $94.23 Direct F4
transaction KSU Employee Stock Option (Right to Buy) Disposed to Issuer -5.65K -100% 0 Dec 14, 2021 Common Stock 5.65K $119.35 Direct F4
transaction KSU Employee Stock Option (Right to Buy) Disposed to Issuer -13.1K -100% 0 Dec 14, 2021 Common Stock 13.1K $82.71 Direct F4
transaction KSU Employee Stock Option (Right to Buy) Disposed to Issuer -29.8K -100% 0 Dec 14, 2021 Common Stock 29.8K $86.89 Direct F4
transaction KSU Employee Stock Option (Right to Buy) Disposed to Issuer -29.8K -100% 0 Dec 14, 2021 Common Stock 29.8K $105.83 Direct F4
transaction KSU Employee Stock Option (Right to Buy) Disposed to Issuer -29.4K -100% 0 Dec 14, 2021 Common Stock 29.4K $110.13 Direct F4
transaction KSU Employee Stock Option (Right to Buy) Disposed to Issuer -26K -100% 0 Dec 14, 2021 Common Stock 26K $171.86 Direct F4
transaction KSU Employee Stock Option (Right to Buy) Disposed to Issuer -20.4K -100% 0 Dec 14, 2021 Common Stock 20.4K $211.10 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Patrick J. Ottensmeyer is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of September 15, 2021 (as amended, supplemented or otherwise modified from time to time, the Merger Agreement), by and among Canadian Pacific Railway Limited, a Canadian corporation (CP), Cygnus Merger Sub 1 Corporation, a Delaware corporation and a direct wholly owned subsidiary of CP (Surviving Merger Sub), Cygnus Merger Sub 2 Corporation, a Delaware corporation and a direct wholly owned subsidiary of Surviving Merger Sub and Kansas City Southern, a Delaware corporation (KCS), each outstanding share of KCS common stock, par value $0.01 (Common Stock), was converted into the right to receive (a) 2.884 of newly issued shares of CP common stock, without par value (such consideration, the Share Consideration) and (b) $90.00 in cash (together with the Share Consideration, the Merger Consideration). Holders of record of Common Stock will receive cash in lieu of fractional shares.
F2 These shares were withheld for taxes in connection with the vesting of restricted share awards. Pursuant to the Merger Agreement, each outstanding award of shares of Common Stock granted subject to any vesting, forfeiture or other lapse restrictions (each, a Restricted Share Award) granted prior to March 21, 2021 became fully vested and was converted into the right to receive (i) the Merger Consideration in respect of each share of Common Stock subject to such Restricted Share Award and (ii) the accrued but unpaid cash dividends corresponding to each share of Common Stock subject to such Restricted Share Award, less applicable tax withholding. All of the reporting persons Restricted Share Awards were granted before March 21, 2021.
F3 Includes .447 shares acquired under the KCS 401(k) and Profit Sharing Plan since the date of the reporting person's last ownership report.
F4 Pursuant to the Merger Agreement, each outstanding KCS stock option, whether vested or unvested, became fully vested and was converted into the right to receive an amount of cash equal to (i) the excess, if any of (A) the value of the Merger Consideration ($301.20) over (B) the per share exercise price of such option multiplied by (ii) the total number of shares of KCS common stock subject to such option, less applicable tax withholding.