SEC Form 4 · accession 0001209191-17-022517
OMNOVA SOLUTIONS INC · OMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William R Seelbach
Director
Period of report
Mar 21, 2017
Accepted (ET)
Mar 23, 2017 · 12:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001090061
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF3,F1,F2 | — | Mar 21, 2017 | A | 9,956 | A | — | — | Common Shares | 9,956 | 80,785 | D |
Explanation of responses
- F1Each Restricted Share Unit represents the right to receive one OMNOVA common share at vesting.
- F2Under the terms of the OMNOVA Solutions Inc. Third Amended and Restated 1999 Equity and Performance Incentive Plan, the Restricted Share Units shall not vest until the later of one year following the date of grant or the Reporting Person's separation from service from the OMNOVA Solutions Inc. Board of Directors.
- F3For consistency with the Company's 2017 Equity Incentive Plan, the shares identified above, which were previously referred to as "Deferred Shares," will be referred to as "Restricted Share Units" going forward. Other than nomenclature, the terms and characteristics of these shares have not been changed from prior disclosures.