SEC Form 4 · accession 0001209191-15-036530
GLOBE SPECIALTY METALS INC · GSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Lebowitz
Officer — Chief Legal Officer
Period of report
Apr 24, 2015
Accepted (ET)
Apr 28, 2015 · 1:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001383571
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF1,F2 | $21.17 | Apr 24, 2015 | A | 10,000 | A | — | Apr 24, 2020 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Each stock appreciation right represents the right to receive cash on the exercise date (subject to acceleration in certain circumstances) in an amount equal to the difference obtained by subtracting the exercise price from the fair market value of one share of the company's common stock, $0.0001 par value, as of the date of exercise of the subject stock appreciation right.
- F2The stock appreciation rights vest and become exercisable in thirds on the first, second and third anniversary of the grant date (subject to acceleration in certain circumstances).