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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units (1) | (1) | 02/28/2011 | M | 1,250 | (1) | (1) | Common Stock | 1,250 | $ 0 | 0 | D | ||||
Performance-Based Restricted Stock Units (4) | (4) | 02/28/2011 | A | 1,875 | (4) | (4) | Common Stock | 1,875 | $ 0 | 1,875 | D | ||||
Performance-Based Restricted Stock Units | (4) | 02/28/2011 | M | 1,875 | (4) | (4) | Common Stock | 1,875 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Perez Gustavo S. 3350 WEST MARKET STREET AKRON, OH 44333 |
G.M. and COO - Americas |
/s/ Aaron S. Berke, attorney in fact for Gustavo Perez | 03/02/2011 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents the settlement of 1,250 cash-settled time-based restricted stock units pursuant to the A. Schulman, Inc. (the "Company") 2006 Equity Plan (the "2006 Plan"). Under the 2006 Plan, cash-settled time-based restricted stock units are settled in cash by the Company in an amount equal to the fair market value of a share of the Company's common stock, on a 1-to-1 basis, on the applicable vesting date. As originally reported, Mr. Perez was granted 3,750 cash-settled time-based restricted stock units on February 29, 2008, with such restricted stock units vesting in equal increments on the first three anniversaries of the award grant date. |
(2) | Pursuant to Securities and Exchange Commission guidance, the settlement of restricted stock units for cash is deemed a disposition of shares to the Company. |
(3) | Price reflects the closing price of the Company's common stock on February 28, 2011. |
(4) | Represents the vesting and settlement of 1,875 cash-settled performance-based restricted stock units pursuant to the 2006 Plan, which were initially granted on February 29, 2008. Under the 2006 Plan, the vesting of such performance-based restricted stock units was subject to performance criteria based upon the total shareholder returns on the Company's common stock relative to a peer group of similar companies during the performance period. Under the 2006 Plan, cash-settled performance-based restricted stock units will be settled on the vesting date for cash in an amount equal to the fair market value of a share of the Company's common stock on a 1-to-1 basis. |