SEC Form 4 · accession 0000899243-15-007579
LANXESS Solutions US Inc. · CHMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan M Swiech
Officer — See Remarks
Period of report
Nov 2, 2015
Accepted (ET)
Nov 4, 2015 · 4:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001091862
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 2, 2015 | M | 23,006 | $16.03 | A | 93,416 | D | |
| Common StockF2 | Nov 2, 2015 | S | 23,006 | $31.87 | D | 70,410 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $16.03 | Nov 2, 2015 | M | 23,006 | D | — | Mar 10, 2021 | Common Stock | 23,006 | 0 | D |
Explanation of responses
- F1The option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.57 to $32.10, inclusive. The reporting person undertakes to provide Chemtura Corporation, any security holder of Chemtura Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within.
- F3This option, which initially represented a right to purchase a total of 46,012 shares (23,006 of which were purchased on October 9, 2015), became exercisable in three equal installments on the date of grant, March 31, 2012 and March 31, 2013.
Remarks
EVP, Organometallics Specialties & Support Services