Statement of Changes in Beneficial Ownership (4)
15 Diciembre 2021 - 3:53PM
Edgar (US Regulatory)
FORM 4
[X]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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
*
ERDMAN WARREN K |
2. Issuer Name and Ticker or Trading Symbol
KANSAS CITY SOUTHERN
[
KSU
]
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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) Executive Vice President |
(Last)
(First)
(Middle)
PO BOX 219335 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/14/2021 |
(Street)
KANSAS CITY, MO 64121-9335
(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 | 10/29/2021 | | G |
V
| 50 | D | $0 | 56488 | D | |
Common Stock | 12/10/2021 | | G |
V
| 2500 | D | $0 | 53988 | D | |
Common Stock | 12/14/2021 | | F | | 692 (2) | D | $290.71 | 53296 | D | |
Common Stock | 12/14/2021 | | D | | 53296 | D | (1) | 0 | D | |
Common Stock | 12/14/2021 | | D | | 1078.2470 (3) | D | (1) | 0 | I | Held by 401(k) & P/S Plan |
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) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Option (Right to Buy) | $97.77 | 12/14/2021 | | D | | | 2620 | (4) | 2/20/2023 | Common Stock | 2620 | (4) | 0 | D | |
Employee Stock Option (Right to Buy) | $94.23 | 12/14/2021 | | D | | | 2777 | (4) | 2/19/2024 | Common Stock | 2777 | (4) | 0 | D | |
Employee Stock Option (Right to Buy) | $119.35 | 12/14/2021 | | D | | | 2668 | (4) | 2/17/2025 | Common Stock | 2668 | (4) | 0 | D | |
Employee Stock Option (Right to Buy) | $82.71 | 12/14/2021 | | D | | | 5233 | (4) | 2/18/2026 | Common Stock | 5233 | (4) | 0 | D | |
Employee Stock Option (Right to Buy) | $86.89 | 12/14/2021 | | D | | | 4916 | (4) | 2/16/2027 | Common Stock | 4916 | (4) | 0 | D | |
Employee Stock Option (Right to Buy) | $105.83 | 12/14/2021 | | D | | | 4219 | (4) | 3/5/2028 | Common Stock | 4219 | (4) | 0 | D | |
Employee Stock Option (Right to Buy) | $110.13 | 12/14/2021 | | D | | | 4153 | (4) | 3/4/2029 | Common Stock | 4153 | (4) | 0 | D | |
Employee Stock Option (Right to Buy) | $171.86 | 12/14/2021 | | D | | | 3404 | (4) | 2/6/2030 | Common Stock | 3404 | (4) | 0 | D | |
Employee Stock Option (Right to Buy) | $211.1 | 12/14/2021 | | D | | | 2426 | (4) | 2/2/2031 | Common Stock | 2426 | (4) | 0 | D | |
Explanation of Responses: |
(1) | 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. |
(2) | 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. |
(3) | Includes 1.868 shares acquired under the KCS 401(k) and Profit Sharing Plan since the date of the reporting person's last ownership report. |
(4) | 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. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
ERDMAN WARREN K PO BOX 219335 KANSAS CITY, MO 64121-9335 |
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| Executive Vice President |
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Signatures
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Julie D. Powell, Attorney-in-fact | | 12/15/2021 |
**Signature of Reporting Person | Date |
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