SEC Form 4 · accession 0001225208-15-007978
INTERNATIONAL FLAVORS & FRAGRANCES INC · IFF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicolas Mirzayantz
Officer — Group President Fragrance
Period of report
Mar 13, 2015
Accepted (ET)
Mar 17, 2015 · 11:16 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000051253
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 13, 2015 | A | 6,231 | $0.00 | A | 75,836 | D | |
| Common StockF2 | Mar 13, 2015 | F | 2,969 | $107.38 | D | 72,867 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Equivalent UnitF3,F4 | — | Mar 13, 2015 | A | 381 | A | — | — | Common Stock | 381 | 1,314 | D |
Explanation of responses
- F1These shares represent the 50% portion of the reporting person's payout under the 2012-2014 Long Term Incentive Plan ("LTIP") cycle settled in shares of the issuer's common stock. The number of shares was determined using the closing market price on January 3, 2012, the first trading day of the cycle.
- F2Shares withheld to satisfy tax withholding obligations in connection with the receipt of shares under the LTIP.
- F3The Stock Units ("Units") convert to Common Stock on a one-for-one basis.
- F4Units under the Company's deferred compensation plan resulting from (a) deferral of compensation and Company match (in shares), (b) premium (in shares) to participants deferring compensation into Units and (c) dividends (in shares) on Units. 76 of the acquired Units is subject to vesting based on employment through December 31, 2016.