EASTMAN CHEMICAL CO 4
4 · EASTMAN CHEMICAL CO · Filed May 8, 2017
Insider Transaction Report
Form 4
DEMERITT STEPHEN R
Director
Transactions
- Award
Phantom Stock Units
2017-05-04$78.11/sh+1,089$85,062→ 41,978 totalExercise: $0.00→ Common Stock (1,089 underlying)
Footnotes (3)
- [F1]Unvested 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 3, 2018 annual meeting of stockholders, and are payable only in cash after termination of service as a director.
- [F2]Deferral 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.
- [F3]Includes 29 units credited since April 3, 2017 as hypothetical reinvestment of dividend equivalents.