SEC Form 4 · accession 0001209191-15-039418
LANXESS Solutions US Inc. · CHMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chet Cross
Officer — See Remarks
Period of report
May 4, 2015
Accepted (ET)
May 6, 2015 · 4:07 pm EDT
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 | May 4, 2015 | M | 20,908 | $15.38 | A | 94,414 | D | |
| Common StockF1,F3 | May 4, 2015 | S | 20,908 | $30.53 | D | 73,506 | 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 | $15.38 | May 4, 2015 | M | 20,908 | D | — | Mar 1, 2022 | Common Stock | 20,908 | 10,455 | D |
Explanation of responses
- F1The option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2Includes 185 shares acquired under the Chemtura Corporation 2012 Employee Stock Purchase Plan on March 31, 2015.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.38 to $30.68, 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, which initially represented a right to purchase a total of 31,363 shares, became exercisable in three equal installments on March 1, 2013, March 1, 2014 and March 1, 2015.
Remarks
EVP, Supply Chain and Operations