4//SEC Filing
LYONDELL CHEMICAL CO 4
Accession 0001140361-07-024881
CIK 0000842635operating
Filed
Dec 19, 7:00 PM ET
Accepted
Dec 20, 2:05 PM ET
Size
30.8 KB
Accession
0001140361-07-024881
Insider Transaction Report
Form 4
HALL CHARLES L
Vice President and Controller
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2007-12-20$35.13/sh−30,689$1,078,105→ 0 totalExercise: $12.87Exp: 2013-02-07→ Common Stock (30,689 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2007-12-20$30.45/sh−11,295$343,933→ 0 totalExercise: $17.55Exp: 2014-02-05→ Common Stock (11,295 underlying) - Disposition to Issuer
Common Stock
2007-12-20−27,828→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2007-12-20$19.44/sh−9,609$186,799→ 0 totalExercise: $28.56Exp: 2015-01-20→ Common Stock (9,609 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2007-12-20$34.20/sh−41,701$1,426,174→ 0 totalExercise: $13.80Exp: 2012-02-08→ Common Stock (41,701 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2007-12-20$23.48/sh−14,321$336,257→ 0 totalExercise: $24.52Exp: 2016-02-23→ Common Stock (14,321 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2007-12-20$16.03/sh−15,522$248,818→ 0 totalExercise: $31.97Exp: 2017-02-22→ Common Stock (15,522 underlying) - Award
Common Stock
2007-12-20+16,193→ 44,021 total - Disposition to Issuer
Common Stock
2007-12-20$48.00/sh−16,193$777,264→ 27,828 total - Disposition to Issuer
Stock Option (Right to Buy)
2007-12-20$35.21/sh−5,000$176,050→ 0 totalExercise: $12.79Exp: 2011-09-10→ Common Stock (5,000 underlying) - Disposition to Issuer
Phantom Stock
2007-12-20$48.00/sh−3,373$161,904→ 0 total→ Common Stock (3,373 underlying)
Footnotes (10)
- [F1]This reports the payout of performance awards denominated in shares of Lyondell?s common stock, on the effective date of the merger pursuant to the Merger Agreement between Lyondell and Basell and BIL Acquisition Holdings Limited (?Merger Agreement?) for the merger consideration of $48 per share.
- [F10]Phantom Stock which convert on a 1 for 1 basis and provided for vesting in 3 equal annual installments beginning one year from the date of grant, was disposed of on the effective date of the merger pursuant to the Merger Agreement for the merger consideration of $48 per share.
- [F2]Shares of common stock disposed of on the effective date of the merger pursuant to the Merger Agreement for the merger consideration of $48 per share.
- [F3]The options, which vested on August 21, 2002 in connection with Lyondell's purchase of Occidental Petroleum Corporation's interest in Equistar Chemicals, LP, were canceled pursuant to the Merger Agreement in exchange for a cash payment of $176,050.00 representing the difference between the exercise price of the option and the $48 per share merger consideration.
- [F4]The options, 2/3 which vested ratably on February 8, 2003 and February 8, 2004 and 1/3 vested on December 1, 2004 in connection with the acquisition of Millennium Chemicals Inc., were canceled pursuant to the Merger Agreement in exchange for a cash payment of $1,426,174.20 representing the difference between the exercise price of the option and the $48 per share merger consideration.
- [F5]The options, 1/3 which vested on February 7, 2007 and 2/3 on November 23, 2004 because the Lyondell common stock price became two times the exercise price of the stock option, were canceled pursuant to the Merger Agreement in exchange for a cash payment of $1,078,104.57 representing the difference between the exercise price of the option and the $48 per share merger consideration.
- [F6]The options, which vested on December 1, 2004 in connection with the acquisition of Millennium Chemicals Inc., were canceled pursuant to the Merger Agreement in exchange for a cash payment of $343,932.75 representing the difference between the exercise price of the option and the $48 per share merger consideration.
- [F7]The options, which 2/3 vested ratably on January 20, 2006 and January 20, 2007 and 1/3 vested on November 20, 2007 in connection with shareholder approval of the merger, were canceled pursuant to the Merger Agreement in exchange for a cash payment of $186,798.96 representing the difference between the exercise price of the option and the $48 per share merger consideration.
- [F8]The options, which 2/3 vested ratably on January 20, 2006 and January 20, 2007 and 1/3 vested on November 20, 2007 in connection with shareholder approval of the merger, were canceled pursuant to the Merger Agreement in exchange for a cash payment of $336,257.08 representing the difference between the exercise price of the option and the $48 per share merger consideration.
- [F9]The options, which vested on the effective date of the merger, were canceled pursuant to the Merger Agreement in exchange for a cash payment of $248,817.66 representing the difference between the exercise price of the option and the $48 per share merger consideration.
Documents
Issuer
LYONDELL CHEMICAL CO
CIK 0000842635
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000842635
Filing Metadata
- Form type
- 4
- Filed
- Dec 19, 7:00 PM ET
- Accepted
- Dec 20, 2:05 PM ET
- Size
- 30.8 KB