SEC Form 4 · accession 0001225208-16-035714
RAYONIER ADVANCED MATERIALS INC. · RYAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R Herman
Officer — SVP, Gen Counsel & Corp Sec
Period of report
Jun 27, 2016
Accepted (ET)
Jun 29, 2016 · 11:04 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001597672
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 27, 2016 | F | 3,729 | $11.98 | D | 86,268 | D | |
| Common StockF3 | holding | — | — | — | 1,478 | I | By 401k |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Upon the vesting of 13,631 shares on June 27, 2016 under a restricted stock grant dated June 27, 2014, the reporting person had 3,729 shares withheld by the Company for personal tax liability withholding.
- F2Since the date of the reporting person's last ownership report, he transferred ownership of 30,066 shares of the Issuer's common stock to his former spouse pursuant to a final judgement of divorce issued by the court. The reporting person no longer reports as beneficially owned any securities owned by his former spouse.
- F3Shares are held in the Rayonier Advanced Materials Investment and Savings Plan, a 401(k) plan, for this person's account.