AXIALL CORP/DE/ 4
4 · AXIALL CORP/DE/ · Filed Sep 2, 2016
Insider Transaction Report
Form 4
AXIALL CORP/DE/AXLL
RIPP ROBERT
Director
Transactions
- Disposition to Issuer
AXLL Common Stock
2016-08-31−8,212→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger dated as of June 10, 2016 (the "Merger Agreement") among the Issuer, Westlake Chemical Corporation ("Westlake") and Lagoon Merger Sub, Inc., a wholly owned subsidiary of Westlake ("Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer continuing as as a wholly-owned subsidiary of Westlake.
- [F2]Pursuant to the Merger Agreement, at the effective time of the Merger, each share of Issuer common stock was canceled and converted into the right to receive $33.00 in cash (the "Merger Consideration"). The disposition was exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b-3 promulgated thereunder.