Altice Richard N. 4
4 · SOLUTIA INC · Filed Feb 23, 2012
Insider Transaction Report
Form 4
SOLUTIA INCSOA
Altice Richard N.
Pres/GM Tech Specialties
Transactions
- Award
Phantom Stock
2012-02-21+11,030→ 11,030 total→ Common Stock (11,030 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of 1 share of Solutia common Stock.
- [F2]The phantom stock vests over a 4 year period at a rate of 25% per year on the anniversary of the date of the grant. Pursuant to the Agreement and Plan of Merger by and among Solutia Inc., Eastman Chemical Company and Eagle Merger Sub Corporation dated January 26, 2012 (the "Merger Agreement"), as of the Effective Time, as defined in the Merger Agreement, each phantom stock will be converted to a cash amount equal to the closing price of a share of Solutia common stock as of the Effective Time.