SEC Form 4 · accession 0000899243-15-007581
LANXESS Solutions US Inc. · CHMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Billie S. Flaherty
Officer — EVP, Gnrl. Counsel & Secretary
Period of report
Nov 3, 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 StockF2 | Nov 3, 2015 | S | 3,125 | $31.86 | D | 63,855 | D | |
| Common Stock | Nov 3, 2015 | M | 5,038 | $20.50 | A | 68,893 | D | |
| Common StockF3 | Nov 3, 2015 | S | 5,038 | $31.88 | D | 63,855 | 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)F4 | $20.50 | Nov 3, 2015 | M | 5,038 | D | — | Mar 1, 2023 | Common Stock | 5,038 | 15,114 | D |
Explanation of responses
- F1The option exercise and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2Includes 145 shares acquired under the Chemtura Corporation 2012 Employee Stock Purchase Plan on September 30, 2015.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.86 to $31.88, 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.
- F4This option initially represented a right to purchase a total of 20,152 shares. As of March 1, 2015, 13,434 stock options have become exercisable. The remaining 6,718 stock options vest on March 1, 2016.