4 1 c61584ae4.txt STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 1 ------ FORM 4 ------ U.S. SECURITIES AND EXCHANGE COMMISSION [ ] Check box if no longer WASHINGTON, DC 20549 subject to Section 16. Form 4 or Form 5 obligations may STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP continue. See Instruction 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person(1)|2. Issuer Name and Ticker or Trading Symbol |6. Relationship of Reporting Person | | to Issuer (Check all applicable) Reed Sam K. | Keebler Foods Company (KBL) | X Director 10% Owner -------------------------------------------------------------------------------------------| ----- ----- (Last) (First) (Middle) |3. IRS Identification | 4. Statement for | X Officer (give title below) | Number of | Month/Year | ----- | Reporting Person, | | Other (specify below) | if an Entity | March 2001 | ----- | (Voluntary) | | President and Chief Executive Officer 677 Larch Avenue | | | ------------------------------------- -----------------------------------------| |-------------------------|---------------------------------------- (Street) | | 5. If Amendment, |7. Individual or Joint/Group Filing | | Date of Original | (Check applicable line) | | (Month/Year) | X Form Filed by One Reporting Person Elmhurst IL 60126 | | | -- -----------------------------------------|-------------------------------------------------| Form Filed by More than One (City) (State) (Zip) | | -- Reporting Person | | ------------------------------------------------------------------------------------------------------------------------------------ TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ----------------------------------------------------------------------------------------------------------------------------------- 1. Title of Security |2. Transaction| 3. Transaction|4. Securities Acquired (A)| 5. Amount of|6. Owner- |7. Nature (Instr. 3) | Date | Code | or Disposed of (D) | Securities | ship | of | | (Instr. 8) | (Instr. 3, 4 and 5) | Beneficially| Form: | Indirect | | | | Owned at End| Direct | Bene- | |---------------|--------------------------| of Month | (D) or | ficial | | | | | (A) | | (Instr. 3 | Indirect | Owner- | (Month/Day/ | | | | or | | and 4) | (I) | ship | Year) | Code | V | Amount | (D) | Price | |(Instr. 4)|(Instr. 4) --------------------------------------|--------------|-------|-------|--------|------|----------|-------------|--------- |--------- Common Stock, par value $0.01 | 3/20/01 | J(1) | V | 868 | D | 41.95 | | I | (1) --------------------------------------|--------------|-------|-------|--------|------|----------|-------------|--------- |--------- Common Stock, par value $0.01 | 3/26/01 | D | V |415,058 | D | (2) | | I | (3) --------------------------------------|--------------|-------|-------|--------|------|----------|-------------|--------- |--------- Common Stock, par value $0.01 | 3/26/01 | D | V | 61,507 | D | (2) | | I | (4) --------------------------------------|--------------|-------|-------|--------|------|----------|-------------|--------- |--------- Common Stock, par value $0.01 | 3/26/01 | D | V | 34,310 | D | (2) | | I | (5) --------------------------------------|--------------|-------|-------|--------|------|----------|-------------|--------- |--------- | | | | | | | 0 | | --------------------------------------|--------------|-------|-------|--------|------|----------|-------------|--------- |--------- | | | | | | | | | --------------------------------------|--------------|-------|-------|--------|------|----------|-------------|--------- |--------- | | | | | | | | | --------------------------------------|--------------|-------|-------|--------|------|----------|-------------|--------- |--------- | | | | | | | | | --------------------------------------|--------------|-------|-------|--------|------|----------|-------------|--------- |--------- | | | | | | | | | ---------------------------------------------------------------------------------------------------------------------------------- (1) On March 20, 2001, a charitable remainder trust of which the reporting person and his wife are trustees and beneficiaries distributed to a revocable trust of which the reporting person and his wife are trustees and beneficiaries 868 shares of KBL common stock in satisfaction of the charitable remainder trust's obligation to pay $36,416.45 to the reporting person. (2) Disposed of pursuant to Agreement and Plan of Merger dated as of October 26, 2000 among Keebler Foods Company, Kellogg Company and FK Acquisition Corp. in exchange for $42.00 per share on the effective date of the merger. (3) Securities are held by an inter vivos trust of which the reporting person and his wife are trustees. (4) Securities are held by a charitable remainder trust of which the reporting person and The Northern Trust Company are trustees. (5) Securities are held by family trust of which the reporting person's wife and Thomas E. O'Neill are trustees. Reminder: Report on separate line for each class of securities beneficially owned directly or indirectly. If the form is filed by more than one reporting person, see Instruction 4(b)(v). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative | 2. Conver- |3. Trans- |4. Trans- |5. Number of |6. Date Exer- |7. Title and Amount |8. Price Security | sion or | action | action | Derivative | cisable and | of Underlying | of (Instr. 3) | Exercise | Date | Code | Securities Ac- | Expiration | Securities | Deriv- | Price of | (Month/ | (Instr. 8)| quired (A) or | Date | (Instr. 3 and 4) | ative | Deriv- | Day/ | | Disposed of (D)| (Month/Day/ | | Secur- | ative | Year) | | (Instr. 3, 4, | Year) | | ity | Security | | | and 5) | | | (Instr. 5) | | | | |-------------------------------------| | | | | |Date |Expira- | | Amount or | | | |-------------------------------|Exer- |tion | Title | Number of | | | | Code |V | (A) |(D) |cisable|Date | | Shares | ------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------ Option (to buy) | 1.74 | 3/26/01 | D | V | |1,289,813| (1) | (2) | Common | 1,289,813 | 40.26 | | | | | | | | | Stock | | ------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------ Option (to buy) | 24.00 | 3/26/01 | D | V | | 249,750 | (1) | (2) | Common | 249,750 | 18.00 | | | | | | | | | Stock | | ------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------ | | | | | | | | | | | ------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------ | | | | | | | | | | | ------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------ | | | | | | | | | | | ------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------ | | | | | | | | | | | ------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------ | | | | | | | | | | | ------------------------------------------------------------------------------------------------------------------------------------ -------------------------------------------------------------------------- 9. Number of | 10. Ownership | 11. Nature of Derivative | Form of | Indirect Securities | Derivative | Beneficial Beneficially | Security: | Ownership Owned at End | Direct (D) | (Instr. 4) of Month | or Indirect (I) | (Instr. 4) | (Instr. 4) | ------------------|------------------------|------------------------------ | I | (3) ------------------|------------------------|------------------------------ | I | (3) ------------------|------------------------|------------------------------ 0 | | ------------------|------------------------|------------------------------ | | ------------------|------------------------|------------------------------ | | ------------------|------------------------|------------------------------ | | -------------------------------------------------------------------------- Explanation of Responses: (1) Options were cancelled in the merger in exchange for a cash payment of $40.26 per share and $18.00 per share, representing the difference between the exercise price of the option and $42.00 per share. (2) Upon the expiration of (a) ten years from date of grant, (b) 90 days after the date of termination other than for cause, or (c) the first anniversary after termination from service by reason of death or permanent disability. (3) Securities are held by an inter vivos trust of which the reporting person and his wife are trustees. /s/ Sam K. Reed 4/6/01 ---------------------------------- ------- **Signature of Reporting Person(1) Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note File three copies of this form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 2
(Print or Type Responses)