PERCY STEVEN W 4
4 · OMNOVA SOLUTIONS INC · Filed Mar 16, 2012
Insider Transaction Report
Form 4
PERCY STEVEN W
Director
Transactions
- Award
Deferred Shares
2012-03-14+9,381→ 35,448 total→ Common Stock (9,381 underlying)
Footnotes (2)
- [F1]Deferred share awarded under the OMNOVA Solutions Inc. Second Amended and Restated 1999 Equity and Performance Incentive Plan. The Deferred Shares comprise a portion of each director's annual retainer for serving on the Board of Directors.
- [F2]A Deferred Share award is the grant of the right to receive a specified number of OMNOVA Solutions common shares upon termination of the deferral period. Deferred shares are convertible 1-for-1 into OMNOVA Solutions common stock and will vest, the deferral period will terminate and the shares will be issued upon the later of one year following the date of grant and the director's termination of service on the Board.