OMNOVA SOLUTIONS INC 4
4 · OMNOVA SOLUTIONS INC · Filed Mar 23, 2017
Insider Transaction Report
Form 4
GINGO JOSEPH M
Director
Transactions
- Award
Restricted Share Units
2017-03-21+9,956→ 31,728 total→ Common Shares (9,956 underlying)
Footnotes (3)
- [F1]Each Restricted Share Unit represents the right to receive one OMNOVA common share at vesting.
- [F2]Under the terms of the OMNOVA Solutions Inc. Third Amended and Restated 1999 Equity and Performance Incentive Plan, the Restricted Share Units shall not vest until the later of one year following the date of grant or the Reporting Person's separation from service from the OMNOVA Solutions Inc. Board of Directors.
- [F3]For consistency with the Company's 2017 Equity Incentive Plan, the shares identified above, which were previously referred to as "Deferred Shares," will be referred to as "Restricted Share Units" going forward. Other than nomenclature, the terms and characteristics of these shares have not been changed from prior disclosures.