Walters Edward T. 4

Accession 0001225208-10-025241

CIK 0001089976other

Filed

Nov 17, 7:00 PM ET

Accepted

Nov 18, 5:18 PM ET

Size

22.7 KB

Accession

0001225208-10-025241

Form 4

Period: 2010-11-16

Senior VP & CFO

Transactions

Disposition to Issuer
Common Stock
2010-11-16$33.25/sh−51,587$1,715,268→ 122,060 total
Disposition to Issuer
Common Stock
2010-11-16$33.25/sh−122,060$4,058,495→ 0 total
Exercise/Conversion
Common Stock
2010-11-16$33.25/sh+122,060$4,058,495→ 173,647 total
Disposition to Issuer
Performance Share Units
2010-11-16$33.25/sh−122,060$4,058,495→ 0 total
From: 2010-11-16→ Common Stock (122,060 underlying)
Disposition to Issuer
Common Stock
2010-11-16$33.25/sh−8,824$293,398→ 0 total(indirect: By 401(k))
Disposition to Issuer
Common Stock
2010-11-16$33.25/sh−2,118$70,424→ 0 total(indirect: By DRSP)
Disposition to Issuer
Employee Stock Option
2010-11-16$33.25/sh−32,200$1,070,650→ 0 total
Exercise: $23.98From: 2004-09-14Exp: 2014-09-14→ Common Stock (32,200 underlying)
Disposition to Issuer
Employee Stock Option
2010-11-16$33.25/sh−35,000$1,163,750→ 0 total
Exercise: $20.25From: 2003-09-17Exp: 2013-09-17→ Common Stock (35,000 underlying)
Award
Performance Share Units
2010-11-16$33.25/sh+122,060$4,058,495→ 122,060 total
From: 2010-11-16→ Common Stock (122,060 underlying)
Disposition to Issuer
Stock Equivalent Units
2010-11-16$33.25/sh−38,490.07$1,279,795→ 0 total
Exercise: $0.00→ Common Stock (38,490.07 underlying)

Footnotes (6)

[F1]Disposed of pursuant to the merger (the "Merger") of the issuer with Reynolds Acquisition Corporation ("Reynolds Acquisition") in accordance with the Agreement and Plan of Merger dated August 16, 2010, among issuer, Rank Group Limited, Reynolds Group Holdings Limited, and Reynolds Acquisition (the "Agreement").
[F2]Represents per share merger consideration under the Agreement.
[F3]Each stock option of the issuer became exercisable in full upon consummation of the Merger and was cancelled in the Merger in exchange for a cash payment per share equal to the difference between the exercise price of the option and $33.25. Options with an exercise price of $33.25 or more were cancelled in the Merger and are not shown on Table II of this Report.
[F4]The performance share units convert into common stock on a one-for-one basis.
[F5]Not applicable.
[F6]Stock Equiv. Units (?SEUs?) acquired and held pursuant to the Pactiv Corp. Deferred Comp Plan are payable in cash or stock upon the holder's death, termination of employment or service as a director, or at the time specified in the holder's Deferral Election and convert into common stock on a one-for-one basis. Disposition of SEUs pursuant to the Merger in accordance with the Agreement was made in a lump sum cash payment in accordance with the terms and conditions set forth in the Deferred Comp Plan.

Documents

1 file

PACTIV CORP

CIK 0001089976

Entity typeother