SEALED AIR CORP/DE 4
4 · SEALED AIR CORP/DE · Filed Mar 17, 2014
Insider Transaction Report
Form 4
Sagnak Yagmur
Vice President
Transactions
- Award
Common Stock
2014-03-14+18,520→ 82,101 total
Holdings
- 61,898
Stock Appreciation Rights
Exercise: $6.82Exp: 2020-02-23→ Common Stock (61,898 underlying) - 41,265
Stock Appreciation Rights
Exercise: $8.59Exp: 2020-12-01→ Common Stock (41,265 underlying) - 69,289
Stock Appreciation Rights
Exercise: $6.82Exp: 2020-01-11→ Common Stock (69,289 underlying)
Footnotes (4)
- [F1]Award made under the Stock Leverage Opportunity feature of the Sealed Air Corporation Annual Incentive Plan.
- [F2]62,361 of the Stock Appreciation Rights (SARs) vest as follows: 25% vested on 3/17/2012; 25% vested on 3/17/2013; 25% will vest on 3/17/2014; and 25% will vest on 3/17/2015. 57,164 of the SARs vest as follows: 33-1/3% vested on 1/6/2013; 33-1/3% will vest on 1/6/2014; 33-1/3% will vest on 1/6/2015.
- [F3]These SARs vest as follows: 25% vested on 2/23/2011 and cancelled in exchange for the merger consideration value minus the exercise price at closing and the remaining nonvested options convert to SARs and vest in equal installments on 2/23/2012, 2/23/2013 and 2/23/2014.
- [F4]These SARs vest as follows: 25% vested on 12/1/2011; 25% vested on 12/1/2012; 25% vest on 12/1/2013 and 25% will vest on 12/1/2014.