4//SEC Filing
MCGARRY DIANE E 4
Accession 0001209191-05-052686
CIK 0001090061other
Filed
Oct 17, 8:00 PM ET
Accepted
Oct 18, 12:46 PM ET
Size
8.4 KB
Accession
0001209191-05-052686
Insider Transaction Report
Form 4
MCGARRY DIANE E
Director
Transactions
- Award
Phantom Stock
2005-10-14$4.50/sh+722.222$3,250→ 8,580.743 total(indirect: By Plan)Exercise: $0.00→ Common Stock (722.222 underlying)
Footnotes (2)
- [F1]Phantom Stock acquired under the OMNOVA Solutions Stock Fund of the OMNOVA Solutions Inc. Deferred Compensation Plan for Nonemployee Directors (the "Plan"). Under the terms of the Plan, each nonemployee director may elect, prior to the calendar year in which fees are earned, to defer all or a portion of his or her annual retainer, chairman's fees, and meeting attendance fees into one or more investment options available under the Plan, including the OMNOVA Solutions Stock Fund. Phantom stock units are credited to a director's account based on the number of shares of OMNOVA Common Stock that could have been purchased with the amount deferred at the closing price per share on the New York Stock Exchange on the date the the director's fees would otherwise have been payble to him.
- [F2]Phantom stock units are convertible 1-for-1 into OMNOVA Solutions Common Stock and are payable in cash in a lump sum or in up to ten annual installments (as elected by the director) commencing at the date elected by the director at the time he or she elects to defer compensation pursuant to the Plan, except under certain circumstances where the Plan provides for earlier distribution of his or her account balance.
Issuer
OMNOVA SOLUTIONS INC
CIK 0001090061
Entity typeother
Related Parties
1- filerCIK 0001232573
Filing Metadata
- Form type
- 4
- Filed
- Oct 17, 8:00 PM ET
- Accepted
- Oct 18, 12:46 PM ET
- Size
- 8.4 KB