LYONDELL CHEMICAL CO 4
4 · LYONDELL CHEMICAL CO · Filed Dec 20, 2007
Insider Transaction Report
Form 4
GELB MORRIS
Executive Vice President & COO
Transactions
- Disposition to Issuer
Common Stock
2007-12-20$48.00/sh−102,216$4,906,368→ 140,471 total - Disposition to Issuer
Common Stock
2007-12-20−140,471→ 0 total - Award
Common Stock
2007-12-20+102,216→ 242,687 total - Disposition to Issuer
Common Stock
2007-12-20−14,677→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Stock Option (Right to Buy)
2007-12-20$23.48/sh−60,034$1,409,598→ 0 totalExercise: $24.52Exp: 2016-02-23→ Common Stock (60,034 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2007-12-20$16.03/sh−98,367$1,576,823→ 0 totalExercise: $31.97Exp: 2017-02-22→ Common Stock (98,367 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2007-12-20$19.44/sh−22,057$428,788→ 0 totalExercise: $28.56Exp: 2015-01-20→ Common Stock (22,057 underlying) - Disposition to Issuer
Phantom Stock
2007-12-20$48.00/sh−21,310$1,022,880→ 0 total→ Common Stock (21,310 underlying)
Footnotes (7)
- [F1]This reports the payout of performance awards denominated in shares of Lyondell?s common stock, on the effective date of the merger pursuant to the Merger Agreement between Lyondell and Basell and BIL Acquisition Holdings Limited (?Merger Agreement?) for the merger consideration of $48 per share.
- [F2]Includes shares accumulated in the Company's Dividend Reinvestment Plan.
- [F3]Shares of common stock disposed of on the effective date of the merger pursuant to the Merger Agreement for the merger consideration of $48 per share.
- [F4]The options, which 2/3 vested ratably on January 20, 2006 and January 20, 2007 and 1/3 vested on November 20, 2007 in connection with shareholder approval of the merger, were canceled pursuant to the Merger Agreement in exchange for a cash payment of $428,788.08 representing the difference between the exercise price of the option and the $48 per share merger consideration.
- [F5]The options, which 1/3 vested on February 23, 2007 and the remaining 2/3 on the effective date of the merger, were canceled pursuant to the Merger Agreement in exchange for a cash payment of $1,409,598.32 representing the difference between the exercise price of the option and the $48 per share merger consideration.
- [F6]The options, which vested on the effective date of the merger, were canceled pursuant to the Merger Agreement in exchange for a cash payment of $1,576,823.01 representing the difference between the exercise price of the option and the $48 per share merger consideration.
- [F7]Phantom Stock which convert on a 1 for 1 basis and provided for vesting in 3 equal annual installments beginning one year from the date of grant, was disposed of on the effective date of the merger pursuant to the Merger Agreement for the merger consideration of $48 per share.