SEC Form 4 · accession 0001422105-15-000087
Noranda Aluminum Holding CORP · NORN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Layle Kiplind Smith
Officer — President and CEO · Director
Period of report
May 2, 2015
Accepted (ET)
May 5, 2015 · 12:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001422105
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock | May 2, 2015 | M | 41,283 | $0.00 | A | 500,204 | D | |
| Common stock | May 2, 2015 | F | 17,319 | $3.35 | D | 482,885 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted StockF1,F2 | — | May 2, 2015 | M | 41,283 | D | — | May 2, 2024 | Common stock | 41,283 | 123,853 | D |
Explanation of responses
- F1Each share of restricted stock is the economic equivalent of one share of Issuer common stock.
- F2On May 2, 2015, the reporting person was granted 163,375 shares of restricted stock. On March 25, 2015, the reporting person was granted 534 additional shares of restricted stock in the form of dividend equivalents that, subsequent to the grant date, vest at the same times, and in the same proportions as the previously granted shares of restricted stock to which the dividend equivalent shares relate. One-fourth of the outstanding shares of restricted stock vested on May 2, 2015. One-third of the remaining shares of restricted stock (including shares of restricted stock subsequently granted as dividend equivalents) will vest on May 2, 2016, and two-thirds of the remaining shares of restricted stock (including shares of restricted stock subsequently granted as dividend equivalents) will vest on May 2, 2017.