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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) | 05/02/2011 | M | 9,000 | (1) | (1) | Common Stock | 9,000 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Rzepka Bernard 3550 WEST MARKET STREET AKRON, OH 44333 |
General Manager - Europe |
/s/ Aaron S. Berke, attorney in fact for Bernard Rzepka | 05/03/2011 | |
**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 9,000 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. Rzepka was granted 9,000 cash-settled time-based restricted stock units on May 2, 2007, all which vested on May 2, 2011. |
(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 May 2, 2011. |