DINEEN EDWARD J 4
4 · SPARTECH CORP · Filed Mar 13, 2013
Insider Transaction Report
Form 4
DINEEN EDWARD J
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2013-03-13−5,203→ 0 total→ Common Stock (5,203 underlying) - Disposition to Issuer
Restricted Stock Units
2013-03-13−5,682→ 0 total→ Common Stock (5,682 underlying) - Disposition to Issuer
Restricted Stock Units
2013-03-13−11,364→ 0 total→ Common Stock (11,364 underlying) - Disposition to Issuer
Restricted Stock Units
2013-03-13−5,580→ 0 total→ Common Stock (5,580 underlying) - Disposition to Issuer
Common Stock
2013-03-13−11,602→ 0 total - Disposition to Issuer
Restricted Stock Units
2013-03-13−5,643→ 0 total→ Common Stock (5,643 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger, dated October 23, 2012 (the "Merger Agreement"), by and among PolyOne Corporation ("PolyOne"), 2012 RedHawk, Inc. ("Merger Sub"), 2012 RedHawk, LLC (n/k/a PolyOne Designed Structures and Solutions LLC) ("Merger LLC"), and Spartech Corporation ("Spartech"), pursuant to which Spartech first merged with and into Merger Sub with Spartech surviving the merger as a wholly owned subsidiary of PolyOne, and subsequently merged with and into Merger LLC, with Merger LLC as the surviving entity as a wholly owned subsidiary of PolyOne. Pursuant to the Merger Agreement, at the Effective Time (as defined in the Merger Agreement), each outstanding share of Spartech common stock (other than the shares of restricted stock described under footnote (2) below) was converted into the right to receive (i) .3167 of a PolyOne common share and (ii) $2.67 in cash.
- [F2]Pursuant to the Merger Agreement, at the Effective Time, these Spartech restricted stock units were converted into the right to receive (i) .3167 of a PolyOne common share and (ii) $2.67 in cash.