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4//SEC Filing

CYTEC INDUSTRIES INC/DE/ 4

Accession 0001225208-15-022107

CIK 0000912513operating
View on SEC.govCompany Profile

Filed

Dec 10, 7:00 PM ET

Accepted

Dec 11, 2:35 PM ET

Size

42.7 KB

Accession

0001225208-15-022107

Insider Transaction Report

Form 4
Period: 2015-11-30
CYTEC INDUSTRIES INC/DE/CYT
FLEMING SHANE D
DirectorChairman,President & CEO
Transactions
  • Other

    Common Stock

    2015-11-30−169→ 49,239 total(indirect: Supplemental Savings Plan)
  • Disposition to Issuer

    Deferred Stock Award

    2015-12-09$75.25/sh−160,100.008$12,047,526→ 0 total
    → Common Stock (160,100.008 underlying)
  • Disposition to Issuer

    Option Right to buy

    2015-12-09$56.45/sh−164,300$9,275,557→ 0 total
    Exercise: $18.80Exp: 2020-01-27→ Common Stock (164,300 underlying)
  • Disposition to Issuer

    Restricted Stock Unit

    2015-12-09$75.25/sh−11,456$862,064→ 0 total
    Exercise: $0.00From: 2017-01-29→ Common Stock (11,456 underlying)
  • Disposition to Issuer

    Stock Appreciation Right

    2015-12-09$49.01/sh−50,000$2,450,500→ 0 total
    Exercise: $26.24Exp: 2018-01-28→ Common Stock (50,000 underlying)
  • Disposition to Issuer

    Option Right to buy

    2015-12-09$49.51/sh−124,060$6,141,590→ 0 total
    Exercise: $25.75Exp: 2021-01-25→ Common Stock (124,060 underlying)
  • Disposition to Issuer

    Option Right to buy

    2015-12-09$31.11/sh−70,328$2,188,256→ 0 total
    Exercise: $44.13Exp: 2024-01-28→ Common Stock (70,328 underlying)
  • Disposition to Issuer

    Restricted Stock Unit

    2015-12-09$75.25/sh−11,617$874,179→ 0 total
    Exercise: $0.00From: 2018-01-26→ Common Stock (11,617 underlying)
  • Award

    Common Stock

    2015-11-30+526→ 51,623 total(indirect: Savings Plan)
  • Disposition to Issuer

    Common Stock

    2015-12-09$75.25/sh−49,239$3,705,235→ 0 total(indirect: Supplemental Savings Plan)
  • Disposition to Issuer

    Option Right to buy

    2015-12-09$30.71/sh−83,624$2,568,093→ 0 total
    Exercise: $44.54Exp: 2025-01-25→ Common Stock (83,624 underlying)
  • Disposition to Issuer

    Option Right to buy

    2015-12-09$64.03/sh−90,000$5,762,250→ 0 total
    Exercise: $11.22Exp: 2019-01-28→ Common Stock (90,000 underlying)
  • Disposition to Issuer

    Option Right to buy

    2015-12-09$50.09/sh−99,590$4,987,965→ 0 total
    Exercise: $25.16Exp: 2022-01-29→ Common Stock (99,590 underlying)
  • Disposition to Issuer

    Stock Appreciation Right

    2015-12-09$46.14/sh−40,000$1,845,600→ 0 total
    Exercise: $29.11Exp: 2017-01-30→ Common Stock (40,000 underlying)
  • Disposition to Issuer

    Common Stock

    2015-12-09$75.25/sh−34,544$2,599,436→ 0 total
  • Disposition to Issuer

    Common Stock

    2015-12-09$75.25/sh−51,623$3,884,631→ 0 total(indirect: Savings Plan)
  • Disposition to Issuer

    Option Right to buy

    2015-12-09$38.72/sh−84,718$3,279,857→ 0 total
    Exercise: $36.53Exp: 2023-01-29→ Common Stock (84,718 underlying)
  • Disposition to Issuer

    Stock Appreciation Right

    2015-12-09$47.70/sh−22,500$1,073,250→ 0 total
    Exercise: $27.55Exp: 2018-06-26→ Common Stock (22,500 underlying)
  • Disposition to Issuer

    Restricted Stock Unit

    2015-12-09$75.25/sh−13,622$1,025,056→ 0 total
    Exercise: $0.00From: 2016-01-30→ Common Stock (13,622 underlying)
Footnotes (6)
  • [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.
  • [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]Net decrease in number of shares allocated to employee's account under the Cytec Supplemental Savings 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).
  • [F4]Pursuant to the Merger Agreement, each right to receive shares of our common stock on a deferred basis ("Deferred Stock Award"), was cancelled and converted into a right to receive an amount in cash equal to the product obtained by multiplying (a) the number of shares underlying the Deferred Stock Award, by (b) the merger consideration of $75.25, less any applicable tax withholding payable at various times in the future depending on the recipient's previous deferral elections, but not before July 1, 2016.
  • [F5]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.
  • [F6]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

1 file

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
42.7 KB
View on SEC.gov