SEC Form 4 · accession 0001209191-15-003983
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 9, 2015
Accepted (ET)
Jan 13, 2015 · 6:30 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 9, 2015 | M | 5,499 | — | A | 19,316 | 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 | 2,877 | D | — | Mar 1, 2015 | Common Stock | 5,499 | 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"). 2,877 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 5,499 shares of common stock.