4//SEC Filing
RAYONIER ADVANCED MATERIALS INC. 4
Accession 0001225208-16-038098
$RYAMCIK 0001597672operating
Filed
Aug 17, 8:00 PM ET
Accepted
Aug 18, 1:45 PM ET
Size
6.7 KB
Accession
0001225208-16-038098
Insider Transaction Report
Form 4
Gaumond Mark E.
Director
Transactions
- Purchase
8.00% Series A Mandatory Convertible Preferred Stock
2016-08-16$97.00/sh+2,100$203,700→ 2,100 totalExp: 2019-08-15→ Common Stock (16,266.39 underlying)
Footnotes (3)
- [F1]The conversion rate of the 8.00% Series A Mandatory Convertible Preferred Stock (the "Preferred Stock") on the mandatory conversion date (expected to be 8/15/2019) depends on the average market value of the Common Stock for a period of time prior to the mandatory conversion date as set forth in the Certificate of Designations of 8.00% Series A Mandatory Convertible Preferred Stock, included as Exhibit 3.1 to the Issuer's Form 8-K filed with the SEC on 8/10/2016 (the "Certificate"). The Preferred Stock automatically converts into Common Stock on the mandatory conversion date at a conversion rate between 6.5923 and 7.7459 shares of Common Stock per share of Preferred Stock, subject to certain adjustments set forth in the Certificate, but holders may elect to convert shares of Preferred Stock into Common Stock at any time prior to such date at a conversion rate of 6.5923 shares of Common Stock per share of Preferred Stock, subject to certain adjustments set forth in the Certificate.
- [F2]See note (1). If the average market value of the Common Stock during the period of time indicated in note (1) prior to the mandatory conversion date were $12.32 per share (the closing price of the Common Stock on August 16, 2016), each share of Preferred Stock would convert into 7.7459 shares of Common Stock on the mandatory conversion date, subject to certain adjustments set forth in the Certificate.
- [F3]Represents the purchase price of each share of Preferred Stock.
Documents
Issuer
RAYONIER ADVANCED MATERIALS INC.
CIK 0001597672
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001597672
Filing Metadata
- Form type
- 4
- Filed
- Aug 17, 8:00 PM ET
- Accepted
- Aug 18, 1:45 PM ET
- Size
- 6.7 KB