SEC Form 4 · accession 0000899243-16-028451
AXIALL CORP/DE/ · AXLL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Simon Bates
Officer — See Remarks
Period of report
Aug 31, 2016
Accepted (ET)
Sep 2, 2016 · 2:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000805264
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| AXLL Common StockF1,F2,F3 | Aug 31, 2016 | D | 73,698 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Disposed of pursuant to the Agreement and Plan of Merger dated as of June 10, 2016 (the "Merger Agreement") among the Issuer, Westlake Chemical Corporation ("Westlake") and Lagoon Merger Sub, Inc., a wholly owned subsidiary of Westlake ("Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer continuing as as a wholly-owned subsidiary of Westlake.
- F2Pursuant to the Merger Agreement, at the effective time of the Merger, each share of Issuer common stock was canceled and converted into the right to receive $33.00 in cash (the "Merger Consideration"). The disposition was exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b-3 promulgated thereunder.
- F3Includes (i) 46,345 restricted share unit awards with respect to Issuer common stock forfeited at the effective time of the Merger and (ii) 1,400 shares underlying stock options which were converted into the right to receive a cash payment equal to the Merger Consideration minus the exercise prices of such options.
Remarks
Senior Vice President, Building Products