SEC Form 4 · accession 0001437749-16-030085
Orchids Paper Products CO /DE · TIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith R Schroeder
Officer — CFO
Period of report
Apr 26, 2016
Accepted (ET)
Apr 27, 2016 · 4:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001324189
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per share | Apr 26, 2016 | M | 1,000 | $29.575 | A | 115,033 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $29.575 | Apr 26, 2016 | M | 1,000 | D | Nov 12, 2015 | Nov 12, 2025 | Common Stock | 1,000 | 4,000 | D |
Explanation of responses
- F1The options were granted on November 12, 2015 with an exercise price equal to the average of the high and low price on the date of grant. 20% of the options vested on the date of grant, with the remaining 80% vesting ratably over the next four years.