SEC Form 4 · accession 0001225208-15-005898
CYTEC INDUSTRIES INC/DE/ · CYT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William N Avrin
Officer — VP Corp & Bus Development
Period of report
Feb 25, 2015
Accepted (ET)
Feb 26, 2015 · 2:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000912513
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 25, 2015 | M | 6,050 | $0.00 | A | 36,126 | D | |
| Common StockF2 | Feb 25, 2015 | S | 6,050 | $52.7824 | D | 30,076 | D | |
| Common StockF3 | holding | — | — | — | 15,204 | I | Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock AwardF4 | — | Feb 25, 2015 | A | 26 | A | — | — | Common Stock | 26 | 11,088 | D |
| Stock Appreciation RightF5 | $29.11 | Feb 25, 2015 | M | 13,500 | D | — | Jan 30, 2017 | Common Stock | 13,500 | 13,500 | D |
Explanation of responses
- F1Pursuant to the exercise of stock settled appreciation rights, Mr. Avrin received 6,050 shares without payment of any consideration.
- F2The sales price ranged from $52.74 to $52.84 with a weighted average of $52.7824. The undersigned reporting person hereby undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F3Excludes shares held in Employees' Savings Plan or Supplemental Plan which are eligible for deferred reporting on Form 5, as per note to instruction 4(a)(i).
- F4Dividend equivalent award on previously granted deferred stock award. Deferred stock awards are paid for no additional consideration in the form of equivalent numbers of shares of Common Stock following termination of employment with the Company.
- F5Stock settled appreciation rights become exercisable in one-third installments on each of the first three anniversaries of the date of grant, which was 01/31/2007.