SEC Form 4 · accession 0001192621-15-000002
CAMBREX CORP · CBM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven M Klosk
Officer — President and CEO · Director
Period of report
Nov 5, 2015
Accepted (ET)
Nov 9, 2015 · 5:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000820081
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 5, 2015 | M | 49,121 | — | A | 149,991 | D | |
| Common StockF2 | Nov 5, 2015 | S | 38,321 | $50.57 | D | 111,670 | D | |
| Common StockF3 | Nov 5, 2015 | S | 10,800 | $51.31 | D | 100,870 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1 | — | Nov 5, 2015 | M | 49,121 | D | Nov 5, 2015 | Nov 5, 2015 | Common Stock | 49,121 | 0 | D |
Explanation of responses
- F1Phantom stock units held by reporting person were issued pursuant to the Deferred Compensation Plan of Cambrex Corporation (as Amended and Restated as of March 1, 2001). Each phantom stock unit was the economic equivalent of one share of Cambrex common stock. On November 5, 2015, all of the reporting person's phantom stock units were settled for cash.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.11 to $51.09 inclusive. The reporting person untertakes to provide to Cambrex Corporation, any security holder of Cambrex Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote 2 to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.10 to $51.525 inclusive. The reporting person untertakes to provide to Cambrex Corporation, any security holder of Cambrex Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote 3 to this Form 4.