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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) | 04/09/2009 | A | 2,500 | (1) | (1) | Common Stock | 2,500 | $ 0 | 2,500 | D | ||||
Restricted Stock Units (2) | $ 13.61 (3) | 04/11/2009 | D | 167 | 04/11/2009(2) | 04/11/2009(2) | Common Stock | 167 | $ 0 | 167 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
NOVAK ERNEST J JR 3550 W. MARKET STREET AKRON, OH 44333 |
X |
/s/ Aaron S. Berke, attorney in fact for Ernest J. Novak | 04/13/2009 | |
**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) | Award represents a grant of stock-settled Restricted Stock Units pursuant to the A. Schulman, Inc. (the "Company") 2006 Equity Incentive Plan (the "2006 Plan") on April 9, 2009 (the "Grant Date"). Pursuant to the terms of the award agreement, such stock-settled Restricted Stock Units are fully vested as of the Grant Date and shall be settled in shares of the Company's common stock, on a 1-to-1 basis, no later than 60 days after the third anniversary of the award Grant Date. |
(2) | Disposition represents the settlement of 167 cash-settled Restricted Stock Units pursuant to the 2006 Plan. Under the 2006 Plan, cash-settled 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 the applicable vesting date. As originally reported, Mr. Novak was granted 500 cash-settled Restricted Stock Units on April 11, 2007, 167 of which vested on April 11, 2009. |
(3) | Price reflects the closing price of the Company's common stock on April 9, 2009. |