SEC Form 4 · accession 0001209191-15-040498
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
May 6, 2015
Accepted (ET)
May 8, 2015 · 4:05 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 Stock | May 6, 2015 | M | 2,388 | $15.38 | A | 19,830 | D | |
| Common Stock | May 6, 2015 | S | 2,388 | $30.23 | D | 17,442 | D | |
| Common Stock | May 6, 2015 | M | 2,259 | $20.50 | A | 19,701 | D | |
| Common StockF1 | May 6, 2015 | S | 2,259 | $30.26 | D | 17,442 | D | |
| Common StockF2 | May 7, 2015 | S | 1,130 | $29.99 | D | 16,312 | 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)F3 | $15.38 | May 6, 2015 | M | 2,388 | D | — | Mar 10, 2022 | Common Stock | 2,388 | 0 | D |
| Employee Stock Option (right to buy)F4 | $20.50 | May 6, 2015 | M | 2,259 | D | — | Mar 10, 2023 | Common Stock | 2,259 | 2,260 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.25 to $30.26, 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.98 to $29.99, 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.
- F3This option, which initially represented a right to purchase a total of 7,163 shares (2,497 and 2,278 of which were purchased on December 26, 2014 and March 2, 2015, respectively), became exercisable in three equal installments on March 10, 2012, March 31, 2013 and March 31, 2014.
- F4This option initially represented a right to purchase a total of 6,778 shares. As of March 2, 2015, 4,518 stock options have vested (2,259 of which were purchased on March 2, 2015). The remaining stock options vest on March 1, 2016.