Birney David G 4
4 · SCHULMAN A INC · Filed Apr 13, 2009
Insider Transaction Report
Form 4
SCHULMAN A INCSHLM
Birney David G
Director
Transactions
- Award
Restricted Stock Units
2009-04-09+2,500→ 2,500 total→ Common Stock (2,500 underlying) - Disposition to Issuer
Restricted Stock Units
2009-04-11−167→ 167 totalExercise: $13.61From: 2009-04-11Exp: 2009-04-11→ Common Stock (167 underlying)
Footnotes (3)
- [F1]Award represents a grant of stock-settled Restricted Stock Units pursuant to the A. Schulman, Inc. (the "Company") 2006 Equity Incentive Plan (the "2006 Plan") on April 9, 2009 (the "Grant Date"). Pursuant to the terms of the award agreement, such stock-settled Restricted Stock Units are fully vested as of the Grant Date and shall be settled in shares of the Company's common stock, on a 1-to-1 basis, no later than 60 days after the third anniversary of the award Grant Date.
- [F2]Disposition represents the settlement of 167 cash-settled Restricted Stock Units pursuant to the 2006 Plan. Under the 2006 Plan, cash-settled Restricted Stock Units are settled in cash by the Company in an amount equal to the fair market value of a share of the Company's common stock on the applicable vesting date. As originally reported, Mr. Birney was granted 500 cash-settled Restricted Stock Units on April 11, 2007, 167 of which vested on April 11, 2009.
- [F3]Price reflects the closing price of the Company's common stock on April 9, 2009.