4//SEC Filing
Caporale Michael JR 4
Accession 0001209191-09-030159
CIK 0000087565other
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 4:28 PM ET
Size
7.9 KB
Accession
0001209191-09-030159
Insider Transaction Report
Form 4
SCHULMAN A INCSHLM
Caporale Michael JR
Director
Transactions
- Other
Profit Participation Agreement
2008-12-12−951→ 0 totalExercise: $21.02From: 2008-12-12Exp: 2008-12-12→ Common Stock (951 underlying)
Footnotes (3)
- [F1]Report filed to reflect the disposition of a profit participation interest by Mr. Caporale. As reported on Mr. Caporale's initial Form 3 Report, Mr. Caporale and Ramius LLC ("Ramius") entered into a Profit Participation Agreement (the "Agreement"), whereby Mr. Caporale was entitled to receive profits from the sale of the last $20,000 worth of A. Schulman, Inc. (the "Company") common stock beneficially owned by Ramius or its affiliates, in the event that Mr. Caporale was elected to the Company's Board of Directors at the 2007 Annual Meeting of Stockholders. On January 16, 2008, the Company announced the election of Mr. Caporale to the Company's Board of Directors.
- [F2]Pursuant to the Agreement, the number of participation shares (the "Participation Shares") attributable to Mr. Caporale was calculated by dividing $20,000 by the closing price of the Company's common stock on the filing date of Ramius' definitive proxy statement, December 19, 2007. Based upon the closing price of the Company's common stock on December 19, 2007, Mr. Caporale became entitled to receive any profit attributable to 951 Participation Shares. Upon disposition of the Participation Shares by Ramius or its affiliates, Mr. Caporale became entitled to receive a payment from Ramius equal to the product of: (i) 951 and (ii) the difference between (x) the sale price of the last 951 shares of the Company's common stock sold by Ramius or its affiliates and (y) $21.02.
- [F3]On June 1, 2009, Mr. Caporale received notice that on December 12, 2008, Ramius sold all 951 Participation Shares for approximately $15.24 per share, resulting in the disposition of Mr. Caporale's Participation Shares without payment.
Documents
Issuer
SCHULMAN A INC
CIK 0000087565
Entity typeother
Related Parties
1- filerCIK 0001409531
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 4:28 PM ET
- Size
- 7.9 KB