SEC Form 4 · accession 0001209191-15-059784
Chemours Co · CC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
E Bryan Snell
Officer — President - Titanium Tech
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 7:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001627223
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.01F1,F2 | Jul 1, 2015 | A | 13,173 | $0.00 | A | 13,253 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4 | $11.8693 | Jul 1, 2015 | A | 11,878 | A | — | Feb 5, 2020 | Common Stock | 11,878 | 11,878 | D |
| Stock Option (Right to Buy)F5 | $15.4871 | Jul 1, 2015 | A | 28,341 | A | — | Feb 4, 2021 | Common Stock | 28,341 | 28,341 | D |
| Stock Option (Right to Buy)F6 | $18.4494 | Jul 1, 2015 | A | 37,902 | A | — | Feb 3, 2022 | Common Stock | 37,902 | 37,902 | D |
Explanation of responses
- F1Represents restricted stock units granted in accordance with the Employee Matters Agreement (the "Agreement") dated as of June 26, 2015 between the Issuer and E. I. du Pont de Nemours and Company ("DuPont") to replace restricted stock units and related dividend equivalent units of DuPont held by the Reporting Person immediately before the legal and structural separation of Issuer from DuPont (the "Spin-off").
- F2Includes shares of Issuer common stock received in connection with the Spin-off in an exempt transaction pursuant to Rule 16a-9 based on preliminary information regarding the Spin-off. Final amounts, if different, will be reported in a subsequent filing.
- F3Award replaces stock options of DuPont held by the Reporting Person immediately before the Spin-off pursuant to the Agreement. Information reported in this row is estimated as of July 6, 2015 based on preliminary information regarding the Spinoff. Final information, if different, will be reported in a subsequent filing.
- F4Options to purchase shares of Issuer common stock vest on February 6, 2016.
- F5Includes 9,447 options to purchase shares of Issuer common stock that are immediately exercisable. The remaining options vest in two equal annual installments beginning February 5, 2016.
- F6Options to purchase shares of Issuer common stock vest in three equal annual installments beginning February 4, 2016.