SOLUTIA INC 4
4 · SOLUTIA INC · Filed Jul 2, 2012
Insider Transaction Report
Form 4
SOLUTIA INCSOA
MONAHAN WILLIAM T
Director
Transactions
- Disposition to Issuer
Common Stock
2012-07-02−25,770→ 0 total - Disposition to Issuer
Restricted Stock Unit
2012-07-02−19,019→ 0 total→ Common Stock (19,019 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of January 26, 2012 (the "Merger Agreement"), by and among Solutia Inc. ("Solutia"), Eastman Chemical Company ("Eastman"), and Eagle Merger Sub Corporation ("Merger Sub"), Solutia merged with and into Merger Sub (the "Merger"). Upon the effective time of the Merger, each share of Solutia common stock was cancelled and exchanged for (i) $22.00 in cash, without interest, and (ii) 0.120 shares of Eastman common stock (the "Merger Consideration").
- [F2]Pursuant to the Merger Agreement, at the effective time of the Merger each restricted stock unit was converted into a vested right to receive, in cash, the value of the Merger Consideration (using the five-day average trading price of Eastman common stock ending on (and including) the trading day that is two trading days prior to the Merger).