SEC Form 4 · accession 0001209191-15-021281
LANXESS Solutions US Inc. · CHMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dalip Puri
Officer — VP and Treasurer
Period of report
Mar 1, 2015
Accepted (ET)
Mar 3, 2015 · 4:34 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 | Feb 27, 2015 | S | 2,000 | $26.15 | D | 13,211 | D | |
| Common StockF2 | Mar 1, 2015 | A | 2,857 | $0.00 | A | 16,068 | D | |
| Common Stock | Mar 1, 2015 | F | 1,207 | $26.25 | D | 14,861 | D | |
| Common StockF1 | Mar 1, 2015 | S | 2,487 | $26.50 | D | 12,374 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF3 | — | Mar 1, 2015 | A | 2,857 | A | — | Mar 1, 2018 | Common Stock | 2,857 | 2,857 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2Grant of restricted stock units. The restricted stock units vest in three equal installments: March 1, 2016; March 1, 2017; and March 1, 2018.
- F3Grant of performance shares. Each performance share represents a contingent right to receive between 0 and 2 shares of Chemtura Corporation common stock. The number of shares reported represents the target amount. The actual number of shares to be delivered will be based on Chemtura Corporation's total shareholder return over the three-year vesting period relative to all companies in the Dow Jones US Chemical Index and could equal 200% of the target amount. The performance shares will settle as soon as practicable after December 31, 2017 but no later than March 1, 2018.