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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 | ||||||||
Performance Share Units (2) | (3) | 04/11/2007 | A | 37,500 | 04/11/2010 | 04/11/2010 | Common Stock | 37,500 | $ 0 | 37,500 | D | ||||
Restricted Stock Units (4) | (3) | 04/11/2007 | A | 15,000 | (4) | 04/11/2010 | Common Stock | 15,000 | $ 0 | 15,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HAINES TERRY L 3550 WEST MARKET STREET AKRON, OH 44333 |
X | PRESIDENT and CEO |
/s/ Aaron S. Berke, attorney-in-fact for Terry L. Haines | 04/13/2007 | |
**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) | The reported award represents a grant of restricted stock pursuant to the A. Schulman, Inc. (the "Company") 2006 Equity Incentive Plan ("Plan") which will vest based upon the Company's total shareholder returns. On April 11, 2010, if the market value of the Company's shares relative to a peer group of similar companies ("Share Value") is below the 25th percentile, the 75,000 restricted shares will be forfeited. If the Share Value is between the 25th and 50th percentile, 37,500 restricted shares will be forfeited. If the Share Value is between the 50th and 75th percentile, none of the restricted shares will be forfeited. |
(2) | The reported award represents a grant of performance shares under the Plan. These performance shares will vest, if at all, on April 11, 2010 if the Share Value is above the 75th percentile when compared to a peer group of similar companies. |
(3) | 1-for-1 |
(4) | The reported award represents a grant of restricted stock units pursuant to the Plan. The restricted stock units will be settled for cash in an amount equal to the fair market value of a share of the Company's common stock on the applicable vesting date. The restricted stock vested with respect to 5,000 restricted stock units on each of April 11, 2008, April 11, 2009 and April 11, 2010. |