SEC Form 4 · accession 0001209191-15-085401
GLOBE SPECIALTY METALS INC · GSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Douglas Ragan III
Officer — Chief Financial Officer
Period of report
Dec 11, 2015
Accepted (ET)
Dec 15, 2015 · 5:41 pm EST
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 | $9.18 | Dec 11, 2015 | A | 25,000 | A | — | Dec 11, 2020 | Common Stock | 25,000 | 25,000 | 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).