4//SEC Filing
CYTEC INDUSTRIES INC/DE/ 4
Accession 0001225208-15-022103
CIK 0000912513operating
Filed
Dec 10, 7:00 PM ET
Accepted
Dec 11, 2:35 PM ET
Size
18.1 KB
Accession
0001225208-15-022103
Insider Transaction Report
Form 4
Darazsdi Daniel G
VP, Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2015-12-09$75.25/sh−4,910$369,478→ 0 total - Disposition to Issuer
Common Stock
2015-12-09$75.25/sh−506$38,077→ 0 total(indirect: Savings Plan) - Disposition to Issuer
Option Right to buy
2015-12-09$30.71/sh−27,526$845,323→ 0 totalExercise: $44.54Exp: 2025-01-25→ Common Stock (27,526 underlying) - Disposition to Issuer
Option Right to buy
2015-12-09$24.34/sh−21,244$516,973→ 0 totalExercise: $50.91Exp: 2024-08-03→ Common Stock (21,244 underlying) - Disposition to Issuer
Restricted Stock Unit
2015-12-09$75.25/sh−3,044$229,061→ 0 totalExercise: $0.00From: 2018-01-26→ Common Stock (3,044 underlying) - Disposition to Issuer
Restricted Stock Unit 2014
2015-12-09$75.25/sh−2,580$194,145→ 0 totalExercise: $0.00→ Common Stock (2,580 underlying) - Award
Common Stock
2015-11-30+331→ 506 total(indirect: Savings Plan)
Footnotes (5)
- [F1]Pursuant to the Agreement and Plan of Merger by and among Cytec Industries Inc., Solvay SA and Tulip Acquisition Inc. dated as of July 28, 2015 (as amended, the "Merger Agreement"), each of these shares was cancelled at the effective time of the merger and converted into the right to receive $75.25 in cash , less any applicable tax withholding. The total shares include restricted stock which were converted in the same manner but will not be payable until July 1, 2016, or later if a deferral election was made.
- [F2]Number of shares allocated to employee's account under the Cytec Employees' Saving Plan by reason of employee and employer contributions, employee transfers and dividend reinvestments made during the period of January 1-November 30, 2015. Per share prices range from $42.99 (low) to $74.87 (high).
- [F3]Pursuant to the Agreement and Plan of Merger by and among Cytec Industries Inc., Solvay SA and Tulip Acquisition Inc. dated as of July 28, 2015 (as amended, the "Merger Agreement"), each of these shares was cancelled at the effective time of the merger and converted into the right to receive $75.25 in cash , less any applicable tax withholding.
- [F4]Pursuant to the Merger Agreement, each outstanding and unexercised option or stock appreciation right ("SAR"), as applicable, whether vested or unvested, was cancelled at the effective time of the merger in exchange for cash equal to the product obtained by multiplying (a) the number of shares underlying such option or SAR, as applicable, by (b) the excess, if any, of the per share value of the merger consideration of $75.25 over the per share exercise price of the option or SAR, as applicable, less any applicable tax withholding.
- [F5]Pursuant to the Merger Agreement, each outstanding restricted stock unit ("RSU"), was cancelled at the effective time of the merger and converted into the right to receive an amount in cash equal to the product obtained by multiplying (a) the number of shares of underlying such RSU, by (b) the merger consideration of $75.25, less any applicable tax withholding payable without interest on the scheduled vesting date of the RSU, or earlier in some circumstances.
Documents
Issuer
CYTEC INDUSTRIES INC/DE/
CIK 0000912513
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000912513
Filing Metadata
- Form type
- 4
- Filed
- Dec 10, 7:00 PM ET
- Accepted
- Dec 11, 2:35 PM ET
- Size
- 18.1 KB