SEC Form 4 · accession 0001209191-15-086951
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 23, 2015
Accepted (ET)
Dec 24, 2015 · 8:04 am 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 OptionF2,F1 | $12.54 | Dec 23, 2015 | D | 191,761 | D | — | Aug 20, 2018 | Common Stock | 191,761 | 0 | D |
| Restricted Stock UnitF2,F3,F1 | — | Dec 23, 2015 | D | 1,875 | D | — | — | Common Stock | 1,875 | 0 | D |
| Restricted Stock UnitF2,F3,F1 | — | Dec 23, 2015 | D | 874 | D | — | — | Common Stock | 874 | 0 | D |
| Restricted Stock UnitF2,F3,F1 | — | Dec 23, 2015 | D | 4,743 | D | — | — | Common Stock | 4,743 | 0 | D |
| Restricted Stock UnitF2,F3,F1 | — | Dec 23, 2015 | D | 1,566 | D | — | — | Common Stock | 1,566 | 0 | D |
| Stock Appreciation RightF2,F4,F1 | $21.36 | Dec 23, 2015 | D | 56,040 | D | — | Mar 20, 2019 | Common Stock | 56,040 | 0 | D |
| Stock Appreciation RightF2,F4,F1 | $21.17 | Dec 23, 2015 | D | 10,000 | D | — | Apr 24, 2020 | Common Stock | 10,000 | 0 | D |
| Stock Appreciation RightF2,F4,F1 | $9.18 | Dec 23, 2015 | D | 25,000 | D | — | Dec 11, 2020 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1The awards vest and become exercisable in thirds on the first, second and third anniversary of the original grant date (subject to acceleration in certain circumstances).
- F2These awards were cancelled in a merger pursuant to a business combination agreement by, among others, issuer, Grupo Villar Mir, S.A., and Grupo FerroAtlantica, S.A. in exchange for awards on the same terms for shares of FerroGlobe PLC common stock.
- F3Each restricted stock unit represents the right to receive cash in an amount equal to the fair market value of one share of common stock, on the date of vesting of the subject restricted stock unit.
- F4Each stock appreciation right represents the right to receive cash 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, as of the date of exercise of the subject stock appreciation right.