Rzepka Bernard 4
4 · SCHULMAN A INC · Filed May 3, 2011
Insider Transaction Report
Form 4
SCHULMAN A INCSHLM
Rzepka Bernard
General Manager - Europe
Transactions
- Exercise/Conversion
Common Stock
2011-05-02+9,000→ 17,114 total - Disposition to Issuer
Common Stock
2011-05-02$24.84/sh−9,000$223,560→ 8,114 total - Exercise/Conversion
Restricted Stock Units
2011-05-02−9,000→ 0 total→ Common Stock (9,000 underlying)
Footnotes (3)
- [F1]Represents the settlement of 9,000 cash-settled time-based restricted stock units pursuant to the A. Schulman, Inc. (the "Company") 2006 Equity Plan (the "2006 Plan"). Under the 2006 Plan, cash-settled time-based 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 a 1-to-1 basis, on the applicable vesting date. As originally reported, Mr. Rzepka was granted 9,000 cash-settled time-based restricted stock units on May 2, 2007, all which vested on May 2, 2011.
- [F2]Pursuant to Securities and Exchange Commission guidance, the settlement of restricted stock units for cash is deemed a disposition of shares to the Company.
- [F3]Price reflects the closing price of the Company's common stock on May 2, 2011.