LYONDELL CHEMICAL CO 4
4 · LYONDELL CHEMICAL CO · Filed Dec 20, 2007
Insider Transaction Report
Form 4
ENGEN D TRAVIS
Director
Transactions
- Disposition to Issuer
Common Stock
2007-12-20$48.00/sh−73,767$3,540,816→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2007-12-20$35.09/sh−5,000$175,438→ 0 totalExercise: $12.91Exp: 2010-02-03→ Common Stock (5,000 underlying) - Disposition to Issuer
Phantom Stock
2007-12-20$48.00/sh−9,436$452,928→ 0 total→ Common Stock (9,436 underlying)
Footnotes (5)
- [F1]Disposed of on the effective date of the merger pursuant to the Merger Agreement between Lyondell and Basell AF and BIL Acquisition Holdings Limited (?Merger Agreement?) for the merger consideration of $48 per share.
- [F2]This option, which vested on August 21, 2002 in connection with Lyondell?s purchase of Occidental Petroleum Corporation?s interest in Equistar Chemicals, LP., was canceled pursuant to the Merger Agreement in exchange for a cash payment of $175,437.50 representing the difference between the exercise price of the option and the $48 per share merger consideration.
- [F3]This option, which vested on December 1, 2004 in connection with the acquisition of Millennium Chemicals Inc., was canceled pursuant to the Merger Agreement in exchange for a cash payment of $171,000 representing the difference between the exercise price of the option and the $48 per share merger consideration.
- [F4]This option, which vested on August 21, 2002 in connection with Lyondell?s purchase of Occidental Petroleum Corporation?s interest in Equistar Chemicals, LP., was canceled pursuant to the Merger Agreement in exchange for a cash payment of $158,750 representing the difference between the exercise price of the option and the $48 per share merger consideration.
- [F5]Phantom Stock, which convert on a 1 for 1 basis and vested in connection with the merger, was disposed of on the effective date of the merger pursuant to the Merger Agreement for the merger consideration of $48 per share.