4//SEC Filing
AXIALL CORP/DE/ 4
Accession 0000899243-16-015688
CIK 0000805264operating
Filed
Mar 9, 7:00 PM ET
Accepted
Mar 10, 4:34 PM ET
Size
12.1 KB
Accession
0000899243-16-015688
Insider Transaction Report
Form 4
AXIALL CORP/DE/AXLL
Mann Timothy JR
EVP, Gen. Counsel & Secretary
Transactions
- Award
AXLL Common Stock
2016-03-08+94,292→ 143,348 total - Award
Performance Restricted Stock Units
2016-03-08+94,292→ 94,292 totalExercise: $0.00→ AXLL Common Stock (94,292 underlying) - Award
Performance Restricted Stock Units
2016-03-08+94,292→ 94,292 totalExercise: $0.00→ AXLL Common Stock (94,292 underlying)
Footnotes (5)
- [F1]These restricted stock units are scheduled to vest in four equal increments on each of March 8, 2017, March 8, 2018, March 8, 2019, and March 8, 2020, subject to the terms of the RSU agreement between the issuer and the reporting person.
- [F2]Shares of the 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 the shares of common stock that may be issued to the reporting person upon vesting ranges from a minimum of zero to a maximum of 188,584 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 March 8, 2016 to the sixty consecutive trading days prior to March 8, 2019.
- [F3]The PRSUs are expected to vest March 8, 2019. The expiration date of the award of this grant is the same date as the vesting date.
- [F4]Shares of the 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 the shares of common stock that may be issued to the reporting person upon vesting ranges from a minimum of zero to a maximum of 188,584 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 four-year performance period, from the volume weighted average trading price for each company's common stock for sixty consecutive trading days prior to March 8, 2016 to the sixty consecutive trading days prior to March 8, 2020.
- [F5]The PRSUs are expected to vest March 8, 2020. The expiration date of the award of this grant is the same date as the vesting date.
Documents
Issuer
AXIALL CORP/DE/
CIK 0000805264
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000805264
Filing Metadata
- Form type
- 4
- Filed
- Mar 9, 7:00 PM ET
- Accepted
- Mar 10, 4:34 PM ET
- Size
- 12.1 KB