SEC Form 4 · accession 0000899243-18-011590
EASTMAN CHEMICAL CO · EMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen R Demeritt
Director
Period of report
May 3, 2018
Accepted (ET)
May 7, 2018 · 11:29 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000915389
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF2,F3,F1 | $0.00 | May 3, 2018 | A | 827 | A | — | — | Common Stock | 827 | 44,038 | D |
Explanation of responses
- F1Unvested Phantom Stock Units credited under the Directors' Deferred Compensation Plan, each having a value equal to the market value of one share of issuer common stock. The Phantom Stock Units will vest if the director is still serving as a director of the issuer immediately prior to election of directors at the May 2, 2019 annual meeting of stockholders, and are payable only in cash after termination of service as a director.
- F2Deferral at election of director of value of annual non-employee director restricted stock award that would otherwise have been paid in common stock into Phantom Stock Units.
- F3Includes 10 units credited since April 6, 2018 as hypothetical reinvestment of dividend equivalents.