CYTEC INDUSTRIES INC/DE/ 4
4 · CYTEC INDUSTRIES INC/DE/ · Filed Apr 20, 2015
Insider Transaction Report
Form 4
SHARPE RAYMOND P
Director
Transactions
- Award
Common Stock
2015-04-16$54.78/sh+1,552$85,019→ 15,482.3 total - Other
Common Stock
2015-04-20−2,374→ 13,108.3 total - Other
Deferred Stock Award
2015-04-20+2,374→ 45,757.086 total→ Common Stock (2,374 underlying)
Footnotes (2)
- [F1]Received an award of Restricted Stock (i.e. shares of Common Stock, restrictions on which lapse upon the stock becoming non-forfeitable) as part of his/her annual retainer for serving on Cytec's Board. The Restricted Stock becomes non-forfeitable on the third anniversary of the grant of the award, or immediately upon a Change-in-Control (as defined in 1993 Stock Award and Incentive Plan). If the Director's service terminates prior to the award becoming non-forfeitable (except in certain circumstances set forth in the restricted stock award letter), the award reverts back to Cytec.
- [F2]This transaction consists of 2,374 shares of restricted stock which were scheduled to vest on April 19, 2015. The shares were cancelled and replaced by a deferred stock award of equal amount at no additional consideration. Deferred stock awards are paid for no additional consideration in the form of shares of common stock following termination of service as a director in accordance with the election made by the director.