4//SEC Filing
STERLING CHEMICALS INC 4
Accession 0001133796-11-000271
CIK 0001014669operating
Filed
Aug 11, 8:00 PM ET
Accepted
Aug 12, 6:06 AM ET
Size
9.6 KB
Accession
0001133796-11-000271
Insider Transaction Report
Form 4
STERLING CHEMICALS INCSCHI OB
RE/ENTERPRISE ASSET MANAGEMENT LLC
10% Owner
Transactions
- Other
Series A Convertible Preferred Stock
2011-08-09−2,583.363→ 0 total(indirect: See footnote)→ Common Stock (3,080,575 underlying) - Other
Common Stock
2011-08-09−3,080,575→ 0 total(indirect: See footnote)
Footnotes (3)
- [F1]The shares of the Issuer's common stock beneficially owned by the Reporting Person, par value $.01 per share (the "Common Stock") and the shares of the Issuer's Series A Preferred Stock beneficially owned by the Reporting Person (the "Preferred Stock"), in each case as reported herein (collectively, the "Subject Securities"), were disposed of pursuant to the terms of the Agreement and Plan of Merger, dated as of June 22, 2011, by and among the Issuer, Eastman Chemical Company and Eastman TC, Inc. (the "Merger Agreement"). The effective date of the Merger Agreement was August 9, 2011. The Common Stock was disposed of in exchange for the right to receive the Common Stock Consideration (as defined in the Merger Agreement) and the Preferred Stock was disposed of in exchange for the right to receive the Preferred Stock Consideration (as defined in the Merger Agreement).
- [F2]The Subject Securities were disposed of for the accounts of two employee pension plans, M.D. Sass Associates, Inc. Employee Retirement Plan (the "Sass Plan"), M.D. Sass Re/Enterprise Portfolio Company, L.P. ("Enterprise") and M.D. Sass Re/Enterprise II, L.P. ("Enterprise II"). Re/Enterprise Asset Management, L.L.C. ("REAM") serves as the sole investment advisor to the pension plans and as an advisor to the Sass Plan. REAM also serves as the general partner and the sole investment advisor of Enterprise and Enterprise II. In such capacities, REAM may be deemed to share voting and investment power with each of the pension plans, the Sass Plan, Enterprise and Enterprise II. Mr. Martin D. Sass serves as Chairman and Chief Executive Officer of REAM. REAM and Mr. Sass disclaim beneficial ownership of the Subject Securities except to the extent of their respective pecuniary interests therein.
- [F3]The Preferred Stock converts into the Common Stock on a one-for-one thousand basis.
Documents
Issuer
STERLING CHEMICALS INC
CIK 0001014669
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001014669
Filing Metadata
- Form type
- 4
- Filed
- Aug 11, 8:00 PM ET
- Accepted
- Aug 12, 6:06 AM ET
- Size
- 9.6 KB