R. Gregory Kincer - Jun 30, 2021 Form 4 Insider Report for KIMBALL INTERNATIONAL INC (KBAL)

Role
EVP; CORP. DEVELOPMENT
Signature
James M. Krodel, Attorney-in-Fact and Agent
Stock symbol
KBAL
Transactions as of
Jun 30, 2021
Transactions value $
-$26,497
Form type
4
Date filed
7/2/2021, 02:24 PM
Next filing
Jul 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KBAL CLASS B COMMON STOCK Options Exercise $0 +6.3K +7.33% $0.00 92.3K Jun 30, 2021 Direct
transaction KBAL CLASS B COMMON STOCK Award $0 +498 +0.54% $0.00 92.8K Jun 30, 2021 Direct F1
transaction KBAL CLASS B COMMON STOCK Tax liability -$26.5K -2.03K -2.19% $13.04 90.8K Jun 30, 2021 Direct F2

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 KBAL RESTRICTED STOCK UNITS Options Exercise $0 -6.3K -33.79% $0.00 12.4K Jun 30, 2021 CLASS B COMMON STOCK 6.3K Direct F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class B Common Stock acquired pursuant to the Restricted Stock Unit Award Agreement between the reporting person and Kimball International Inc. (the "Company"), determined by dividing the accumulated phantom cash dividends credited to the restricted stock units by the closing sales price of one share of Class B Common Stock on the vest date.
F2 Represents shares withheld by the Company to satisfy tax withholding obligations on the vesting of the restricted stock units.
F3 The Restricted Stock Units convert on a one-for-one basis into shares of Class B Common Stock.
F4 Represents Restricted Stock Units granted in prior year and vest on 6/30/21 (6,304 shares).
F5 Expiration of Restricted Stock Units is dependent upon the terms of the employment agreement if the reporting person ceases employment for any reason other than death, retirement or total permanent disability.
F6 Represents Restricted Stock Units which vest on 6/30/22 (6,046 shares) and 6/30/23 (6,307 shares).