4//SEC Filing
BROWN C DAVID II 4
Accession 0001225208-19-011721
CIK 0001597672other
Filed
Aug 18, 8:00 PM ET
Accepted
Aug 19, 6:59 PM ET
Size
7.6 KB
Accession
0001225208-19-011721
Insider Transaction Report
Form 4
BROWN C DAVID II
Director
Transactions
- Conversion
Common Stock
2019-08-15+54,949→ 95,192 total - Conversion
8.00% Series A Mandatory Convertible Preferred Stock
2019-08-15−7,094→ 0 totalExp: 2019-08-15→ Common Stock (54,949.415 underlying)
Footnotes (2)
- [F1]The conversion rate of the 8.00% Series A Mandatory Convertible Preferred Stock (the "Preferred Stock") was 7.7459 shares of Common Stock per share of Preferred Stock.
- [F2]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 converted into Common Stock on 8/15/2019 (the "Mandatory Conversion Date" or "MCD") at a conversion rate between 6.5923 and 7.7459 shares of Common Stock per share of Preferred Stock, depending on the average market value of the Common Stock for a period of time prior to the MCD as set forth in the Certificate. Holders of Preferred Stock had the right to elect to convert shares of Preferred Stock into Common Stock at any time prior to the MCD at a conversion rate of 6.5923 shares of Common Stock per share of Preferred Stock, subject to certain adjustments. On the MCD, the Preferred Stock automatically converted to Common Stock at a conversion rate of 7.7459 shares of Common Stock per share of Preferred Stock.
Documents
Issuer
RAYONIER ADVANCED MATERIALS INC.
CIK 0001597672
Entity typeother
Related Parties
1- filerCIK 0001197672
Filing Metadata
- Form type
- 4
- Filed
- Aug 18, 8:00 PM ET
- Accepted
- Aug 19, 6:59 PM ET
- Size
- 7.6 KB