SEC Form 4 · accession 0001127602-15-011424
SEALED AIR CORP/DE · SEE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yagmur Sagnak
Officer — Vice President
Period of report
Mar 13, 2015
Accepted (ET)
Mar 16, 2015 · 4:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001012100
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 13, 2015 | A | 7,684 | — | A | 124,758 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF2 | $6.82 | holding | — | — | — | — | Jan 11, 2020 | Common Stock | 69,289 | 69,289 | D |
| Stock Appreciation RightsF3 | $6.82 | holding | — | — | — | — | Feb 23, 2020 | Common Stock | 61,898 | 61,898 | D |
| Stock Appreciation RightsF4 | $8.59 | holding | — | — | — | — | Dec 1, 2020 | Common Stock | 41,265 | 41,265 | D |
Explanation of responses
- F1Award made under the Stock Leverage Opportunity feature of the 2014 Omnibus Incentive Plan.
- F262,361 of the Stock Appreciation Rights (SARs) vest as follows: 25% vested on 3/17/2012; 25% vested on 3/17/2013; 25% will vest on 3/17/2014; and 25% will vest on 3/17/2015. 57,164 of the SARs vest as follows: 33-1/3% vested on 1/6/2013; 33-1/3% will vest on 1/6/2014; 33-1/3% will vest on 1/6/2015.
- F3These SARs vest as follows: 25% vested on 2/23/2011 and cancelled in exchange for the merger consideration value minus the exercise price at closing and the remaining nonvested options convert to SARs and vest in equal installments on 2/23/2012, 2/23/2013 and 2/23/2014.
- F4These SARs vest as follows: 25% vested on 12/1/2011; 25% vested on 12/1/2012; 25% vest on 12/1/2013 and 25% will vest on 12/1/2014.