SEC Form 4 · accession 0001209191-15-003972
LANXESS Solutions US Inc. · CHMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig A Rogerson
Officer — President and CEO · Director
Period of report
Jan 9, 2015
Accepted (ET)
Jan 13, 2015 · 6:25 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,F2 | Jan 9, 2015 | M | 139,830 | — | A | 564,567 | 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 9, 2015 | M | 73,147 | D | — | Mar 1, 2015 | Common Stock | 139,830 | 0 | D |
Explanation of responses
- F1Each performance share was granted in 2012 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"). 73,147 shares of common stock represented the target amount of the award granted in 2012. The performance shares vested at 191.16% of the target amount based on the TSR Metric, for a total payout of 139,830 shares of common stock.
- F2Includes 405 shares, 348 shares and 188 shares acquired under the Chemtura Corporation 2012 Employee Stock Purchase Plan on March 31, 2014, June 30, 2014 and September 30, 2014, respectively.