McDannold Timothy J 4
4 · SCHULMAN A INC · Filed Aug 22, 2018
Insider Transaction Report
Form 4
SCHULMAN A INCSHLM
McDannold Timothy J
Treasurer - Dir.Risk Mngmnt.
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2018-08-21$3.10/sh−2,480$7,688→ 0 totalExercise: $38.90From: 2021-01-10Exp: 2028-01-10→ Common Stock (2,480 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2018-08-21$9.45/sh−3,120$29,484→ 0 totalExercise: $32.55From: 2020-01-11Exp: 2027-01-11→ Common Stock (3,120 underlying) - Disposition to Issuer
Common Stock
2018-08-21$42.00/sh−9,746$409,332→ 0 total
Footnotes (4)
- [F1]Disposed of pursuant to the merger agreement (the "Merger Agreement") between the issuer, LyondellBasell Industries N.V and LYB Americas Holdco Inc. In addition to the cash consideration, each shareholder will also receive one contingent value right ("CVR") per share or, with respect to equity awards, per share underlying each such equity award. Each CVR will represent the right to receive contingent cash payments from certain net proceeds, if any are recovered, relating to claims arising from the issuer's acquisition of its Citadel subsidiary or the acquisition by Citadel's subsidiary, the Matrixx Group, Incorporated of its Lucent subsidiary, including from certain ongoing litigation against the former owners of the issuer's Citadel subsidiary and the former owners of A. Schulman's Lucent subsidiary and the related government investigations. Reporting person will receive 9,746 CVRs.
- [F2]Pursuant to the Merger Agreement, all outstanding options were settled for merger consideration equal to $42.00 less the exercise price of the option and one CVR for each share of common stock underlying the option.
- [F3]In addition to the cash consideration, the reporting person also received 3,120 CVRs.
- [F4]In addition to the cash consideration, the reporting person also received 2,480 CVRs.