4//SEC Filing
AXIALL CORP/DE/ 4
Accession 0001104659-15-039991
CIK 0000805264operating
Filed
May 20, 8:00 PM ET
Accepted
May 21, 3:53 PM ET
Size
13.5 KB
Accession
0001104659-15-039991
Insider Transaction Report
Form 4
AXIALL CORP/DE/AXLL
Mann Timothy JR
EVP, Gen. Counsel & Secretary
Transactions
- Award
AXLL Common Stock
2015-05-19+9,083→ 47,890 total - Award
AXLL Common Stock
2015-05-20+8,689→ 56,579 total - Tax Payment
AXLL Common Stock
2015-05-20$36.79/sh−3,381$124,387→ 53,198 total - Award
Performance Restricted Stock Units
2015-05-19+8,930→ 8,930 totalExercise: $0.00→ AXLL Common Stock (8,930 underlying) - Tax Payment
AXLL Common Stock
2015-05-19$36.72/sh−803$29,486→ 38,807 total
Footnotes (5)
- [F1]Payment of tax liability by delivering or withholding securities incident to the vesting of a security issued in accordance with Rule 16b-3.
- [F2]These restricted stock units are expected to vest in three equal installments on each of the first, second and third anniversaries of the grant date, which is May 19, 2015, subject to the terms of the restricted stock unit agreement between the issuer and the reporting person.
- [F3]Vesting of one-half of performance restricted stock units granted to the reporting person on May 20, 2013, for which the Company's achievement of synergies is the performance restriction.
- [F4]Shares of 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 shares of common stock that may be issued to the reporting person upon vesting ranges from a minimum of zero to a maximum of 17,860 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 the PRSU grant date to the sixty consecutive trading days prior to the end of the third anniversary of the grant date.
- [F5]The PRSUs are expected to vest on the third anniversary of the grant date. 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
- May 20, 8:00 PM ET
- Accepted
- May 21, 3:53 PM ET
- Size
- 13.5 KB