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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 Unit | (10) | 03/03/2014 | J | 15,433 (9) | (10) | (10) | Common Stock | 15,433 | $ 0 | 30,867 | D | ||||
Common Stock Option | $ 12.55 | 03/03/2014 | M(1) | 5,737 | (5) | 04/23/2018 | Common Stock | 5,737 | (3) | 908,240 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
ORR JOHN C 1293 SOUTH MAIN STREET AKRON, OH 44301 |
X | President and CEO |
/s/ Megan L. Mehalko pursuant to POA dated 10/25/06 and filed 4/25/08 | 03/05/2014 | |
**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 exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan, entered into November 21, 2013 |
(2) | The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan, entered into November 21, 2013 |
(3) | Mr. Orr exercised stock options for 5,737 shares at an exercise price of 12.55 |
(4) | The sale price is a weighted average for the sale transaction. The sales prices range from a low of $21.26 per share to a high of $22.15 |
(5) | The exercise rights vested in three equal annual installments beginning April 23, 2009 |
(6) | The forfeiture provisions with respect to 28,150 of these Restricted Stock Awards lapse in 2015 if John Orr is still employed by Myers Industries, Inc. on the anniversary date of the grant. |
(7) | Represents a disposition of shares to Myers Industries, Inc. Such disposition is exempt under Section 16(b) under Rule 16b-3(e). |
(8) | 38,400 shares of restricted stock vested on March 3, 2014. |
(9) | 15,433 Restricted Stock Units vested on March 3, 2014. |
(10) | A Restricted Stock Unit is the grant of the right to receive an amount equal to the fair market value of a share on the date that payment is made with respect to the Restricted Stock Unit. The Restricted Stock Units vest in three equal installments on each of the first three anniversaries of the date of the grant. |
Remarks: The date of Earliest Transaction has been revised to state 3/3/14 and the Signature Date has been revised to state 3/5/14. |