SEC Form 4 · accession 0001422105-15-000121
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 18, 2015
Accepted (ET)
May 20, 2015 · 6:00 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 18, 2015 | M | 200,000 | $1.14 | A | 682,885 | 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 18, 2015 | A | 163,375 | A | — | May 18, 2025 | Common stock | 163,375 | 163,375 | D |
| Employee stock option (right to buy)F3 | $1.14 | May 18, 2015 | M | 200,000 | A | — | Mar 3, 2018 | Common stock | 200,000 | 0 | D |
Explanation of responses
- F1Each share of restricted stock is the economic equivalent of one share of Issuer common stock.
- F2The restricted stock vests as to 25% of the shares on each of the first and second anniversaries of the May 18, 2015 grant date. The remaining 50% of the shares vests on the third anniversary of the grant date.
- F3The option, which was granted on March 3, 2008 and represented a right to purchase a total of 200,000 shares, became exercisable in equal annual installments on each of the first five anniversaries of the date of grant.