SEC Form 4 · accession 0001209191-15-041075
LANXESS Solutions US Inc. · CHMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chet Cross
Officer — EVP, Supply Chain & Operations
Period of report
May 7, 2015
Accepted (ET)
May 11, 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 7, 2015 | M | 16,156 | $16.03 | A | 89,662 | D | |
| Common StockF1 | May 7, 2015 | S | 16,156 | $30.30 | D | 73,506 | D | |
| Common Stock | May 7, 2015 | M | 45,500 | $16.03 | A | 119,006 | D | |
| Common StockF2 | May 7, 2015 | S | 45,500 | $29.60 | D | 73,506 | D | |
| Common Stock | May 7, 2015 | M | 10,455 | $15.38 | A | 83,961 | D | |
| Common StockF3 | May 7, 2015 | S | 10,455 | $30.26 | 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 | $16.03 | May 7, 2015 | M | 16,156 | D | — | Mar 10, 2021 | Common Stock | 16,156 | 45,500 | D |
| Employee Stock Option (right to buy)F4 | $16.03 | May 7, 2015 | M | 45,500 | D | — | Mar 10, 2021 | Common Stock | 45,500 | 0 | D |
| Employee Stock Option (right to buy)F5 | $15.38 | May 7, 2015 | M | 10,455 | D | — | Mar 1, 2022 | Common Stock | 10,455 | 0 | 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 $30.00 to $30.40, 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 $29.56 to $29.68, 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.16 to $30.37, 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 represented a right to purchase a total of 61,656 shares, became exercisable in three equal installments on March 1, 2013, March 1, 2014 and March 1, 2015.
- F5This option, which initially represented a right to purchase a total of 31,363 shares (20,908 of which were purchased on May 4, 2015), became exercisable in three equal installments on March 1, 2013, March 1, 2014 and March 1, 2015.