G. Zachary Gund - May 14, 2021 Form 4 Insider Report for KELLOGG CO (K)

Role
Director
Signature
Gary H. Pilnick, Attorney-in-Fact
Stock symbol
K
Transactions as of
May 14, 2021
Transactions value $
$41,250
Form type
4
Date filed
5/17/2021, 04:24 PM
Previous filing
May 11, 2021
Next filing
Aug 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding K Common 19.2K May 14, 2021 Held in Trust F1
holding K Common 3.66K May 14, 2021 See footnote* F2
holding K Common 9.2K May 14, 2021 See footnote** F3
holding K Common 1.62M May 14, 2021 See footnote*** F4

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 K Phantom Stock Units Award $41.3K +656 +5.38% $62.89 12.8K May 14, 2021 Common 656 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Excludes dividends reinvested after January 1, 2021.
F2 *These shares are held in a trust for the benefit of the reporting person and certain members of his family. The reporting person is one of several trustees and, in such capacity, may have voting and dispositive power over all such shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F3 **These shares are held in a trust for the benefit of certain members of the reporting person's family. A family member of the reporting person is the trustee. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F4 ***These shares are held in family partnerships, the partners of which include a trust for the benefit of the reporting person. The reporting person serves as a manager of these partnerships and, in such capacity, may have voting and dispositive power over all such shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F5 According to the terms of the Kellogg Company Deferred Compensation Plan for Non-Employee Directors, final value of phantom stock units is to be determined as of date of reporting person's retirement and paid in stock.