SEC Form 4 · accession 0001422105-15-000233
Noranda Aluminum Holding CORP · NORN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan H Schumacher
Director
Period of report
Sep 30, 2015
Accepted (ET)
Oct 2, 2015 · 4:01 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 stockF1 | Sep 30, 2015 | M | 103 | $0.00 | A | 20,160 | D | |
| Common stockF1 | Sep 30, 2015 | D | 1 | $1.64 | D | 20,159 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3,F4 | — | Sep 30, 2015 | M | 103 | D | — | Dec 31, 2015 | Common stock | 103 | 103 | D |
Explanation of responses
- F1The number of securities shown in this report reflects the one-for-seven reverse stock split of the issuer's common stock that occurred on August 25, 2015.
- F2Represents cash payment to reporting person in lieu of fractional share.
- F3Each restricted stock unit is the economic equivalent of one share of Issuer common stock.
- F4On January 1, 2015, the reporting person was granted 405.9 restricted stock units ("RSUs"). On March 25, 2015 and June 10, 2015, the reporting person was granted 1.3 and 2.3 additional RSUs, respectively, in the form of dividend equivalents that vest at the same time and in the same proportions as the previously granted RSUs. Twenty-five percent of outstanding RSUs vested on each of March 31, 2015, June 30, 2015, and September 30, 2015. The remaining RSUs will vest on December 31, 2015.