AIRGAS INC 4
4 · AIRGAS INC · Filed Apr 4, 2016
Insider Transaction Report
Form 4
AIRGAS INCARG
Jones Douglas L.
Division President - West
Transactions
- Award
Phantom Stock
2016-03-31$141.64/sh+3.4$482→ 793.6 total→ Common Stock (3.4 underlying)
Footnotes (4)
- [F1]Acquired pursuant to Airgas, Inc.'s deferred compensation plan as a result of the reinvestment under the plan of dividends decared and paid with respect to shares of Airgas, Inc. common stock underlying the phantom stock.
- [F2]Each share of phantom stock represents the right to receive the cash value of one share of Airgas, Inc. common stock.
- [F3]Shares of phantom stock are payable in cash following the reporting person's termination of service with Airgas, Inc. or as determined by the reporting person in accordance with the terms and conditions of the plan. The reporting person may transfer his phantom stock account into an alternative investment account under the plan at any time. In addition, as of the effective time of the merger with Air Liquide, S.A., each share of phantom stock will be converted into a notional investment in cash, based on a price per share of Airgas, Inc. common stock equal to the merger consideration, and deemed reinvested in other investment funds available under the plan.
- [F4]Determined based on the dollar value of the reporting person's deferred compensation plan account and the closing price per share of Airgas, Inc. common stock on the date of the transaction.