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Filing Details

Accession Number:
0001181431-12-034445
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-06-04 17:06:38
Reporting Period:
2012-05-31
Filing Date:
2012-06-04
Filing Date Changed:
2012-06-04
Accepted Time:
2012-06-04 18:06:38
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
755003 Material Sciences Corp MASC Coating, Engraving & Allied Services (3470) 952673173
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1080887 Iii L Frank Hohmann C/o Barbara Nims, Esq.
Davis Polk & Wardwell
New York NY 10017
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2012-05-31 3,000 $8.03 1,178,505 No 4 S Direct
Common Stock Disposition 2012-06-01 3,000 $8.00 1,175,505 No 4 S Direct
Common Stock Disposition 2012-06-04 2,915 $8.00 1,172,590 No 4 S Direct
Common Stock Acquisiton 2012-06-04 801 $0.00 1,173,391 No 4 M Direct
Common Stock Disposition 2012-06-04 801 $8.03 1,172,590 No 4 D Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 M Direct
No 4 D Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Phantom Stock Acquisiton 2012-06-04 1,055 $0.00 1,055 $0.00
Common Stock Phantom Stock Disposition 2012-06-04 801 $0.00 801 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
55,205 No 4 A Direct
54,404 2012-06-01 2012-06-01 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 5,000 Indirect Trust for daughter
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.06, inclusive. The reporting person undertakes to provide to Material Sciences Corporation, any security holder of Material Sciences Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2) and (3) to this Form 4.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.06, inclusive.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.00, inclusive.
  4. Conversion price of Phantom Stock units 1-for-1.
  5. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
  6. Each share of Phantom Stock was the economic equivalent of one share of MASC common stock. The reporting person settled his shares of common stock for cash.
  7. Units, issued under the 2006 Non-Employee Director Plan, vest immediately, but are distributed five years from grant date unless earlier redeemed pursuant to terms of the Plan.