SEC Form 4 · accession 0001104659-15-053528

· AXLL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Sr. Vice President Chemicals

Period of report

Jul 23, 2015

Accepted (ET)

Jul 27, 2015 · 8:05 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 Stock^F1	Jul 23, 2015	A	6,582	$0.00	A	14,384	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Restricted Stock Units^F2,F3	$0.00	Jul 23, 2015	A	6,471	A	—	—	AXLL Common Stock	6,471	6,471	D

F1These restricted stock units are scheduled to vest in three equal increments on each of May 19, 2016; May 19, 2017 and May 2018, subject to the terms of the RSU agreement between the issuer and the reporting person.
F2Shares of Company common stock may be issued to the reporting person upon the vesting of the performance restricted stock units, also referred to as "PRSUs." The number of shares of Company common stock shown is the award at the "target" performance level. The actual number of shares of common stock that may be issued to the reporting person upon vesting ranges from a minimum of zero to a maximum of 12,942 shares, and depends on the relative total shareholder return, or "TSR," for the Company as compared to a company in a peer group that achieves the median TSR performance for the peer group. The TSR for the Company and each company in the peer group will be calculated based on annual growth rate over a three-year performance period, from the volume weighted average trading price for each company's common stock for sixty consecutive trading days prior to May 19, 2015 to the sixty consecutive trading days prior to May 19, 2018.
F3The PRSUs are expected to vest on May 19, 2018. The expiration date of the award of this grant is the same date as the vesting date.