MILCHOVICH RAYMOND J 4
4 · DowDuPont Inc. · Filed Jan 3, 2018
Insider Transaction Report
Form 4
DowDuPont Inc.DWDP
MILCHOVICH RAYMOND J
Director
Transactions
- Exercise/Conversion
Stock Appreciation Rights Payable 2018 (2018 SAR)
2018-01-01$50.42/sh−198,334$10,000,000→ 0 totalExercise: $50.42→ Common Stock (198,334 underlying) - Exercise/Conversion
Common Stock
2018-01-01$50.42/sh+198,334$10,000,000→ 212,225.272 total - Sale
Common Stock
2018-01-01−198,334→ 13,891.272 total
Footnotes (2)
- [F1]Vesting of the 2018 stock appreciation right that will be settled in cash. The appreciation amount payable by Third Point LLC, if any, will be based upon the difference between $50.42 and the volume weighted average price of the Issuer's Common Stock during the 30 day period prior to January 1, 2018. The appreciation amount is payable within 30 days following January 1, 2018.
- [F2]Pursuant to an agreement between the Reporting Person and Third Point LLC, the Reporting Person received a stock appreciation right payable in 2018 and a stock appreciation right payable in 2020 subject to continued service as a director by the Reporting Person on the applicable vesting date, subject to certain exceptions.