SEC Form 4 · accession 0000899243-16-011632
LANXESS Solutions US Inc. · CHMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laurence Michael Orton
Officer — VP, Corporate Controller
Period of report
Jan 11, 2016
Accepted (ET)
Jan 13, 2016 · 4:13 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 StockF1 | Jan 11, 2016 | M | 1,904 | — | A | 16,716 | D | |
| Common Stock | Jan 11, 2016 | F | 755 | $24.76 | D | 15,961 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1 | — | Jan 11, 2016 | M | 2,707 | D | — | Mar 1, 2016 | Common Stock | 1,904 | 0 | D |
Explanation of responses
- F1Each performance share was granted in 2013 and represented a contingent right to receive between 0 and 2 shares of Chemtura Corporation common stock based on Chemtura Corporation's total shareholder return against the companies comprising the Russell 3000 Index (the "TSR Metric"). 2,707 shares of common stock represented the target amount of the award granted in 2013. The performance shares vested at 70.3% of the target amount based on the TSR Metric, for a total payout of 1,904 shares of common stock.