4//SEC Filing
AXIALL CORP/DE/ 4
Accession 0001104659-15-039993
CIK 0000805264operating
Filed
May 20, 8:00 PM ET
Accepted
May 21, 3:53 PM ET
Size
15.6 KB
Accession
0001104659-15-039993
Insider Transaction Report
Form 4
AXIALL CORP/DE/AXLL
Carrico Paul
President & CEO
Transactions
- Award
Performance Restricted Stock Units
2015-05-19+47,890→ 47,890 totalExercise: $0.00→ AXLL Common Stock (47,890 underlying) - Award
AXLL Common Stock
2015-05-20+46,524→ 273,860 total - Tax Payment
AXLL Common Stock
2015-05-20$36.79/sh−20,419$751,215→ 253,441 total - Award
AXLL Common Stock
2015-05-19+14,022→ 232,003 total - Tax Payment
AXLL Common Stock
2015-05-19$36.72/sh−4,667$171,372→ 227,326 total
Holdings
- 66,000(indirect: By Spouse)
AXLL Common Stock
- 80,000(indirect: By Trust)
AXLL Common Stock
- 45(indirect: By 401(k))
AXLL Common Stock
Footnotes (5)
- [F1]Vesting of one-third of the performance restricted stock units granted to the reporting person on May 19, 2014, for which the Company's Adjusted EBITDA is the performance restriction.
- [F2]Payment of a tax liability by delivering or withholding securities incident to the vesting of a security issued in accordance with Rule 16b-3.
- [F3]Vesting of one-half of performance restricted stock units granted to the reporting person on May 20, 2013, for which the achievement of synergies by the issuer 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 95,780 shares, and depends on the relative total shareholder return, or "TSR," for the Company as compared to the 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 the 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, subject to the terms of the PRSU agreement between the Company and the reporting person. 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
- 15.6 KB