- Accession Number:
- Form Type:
- Zero Holdings:
- Publication Time:
- 2018-11-13 08:53:27
- Reporting Period:
- Accepted Time:
- 2018-11-13 08:53:27
- SEC Url:
- Form 4 Filing
|Cik||Name||Reported Address||Insider Title||Director||Officer||Large Shareholder||Other|
|1273985||G Paul Boynton||1301 Riverplace Boulevard |
Jacksonville FL 32207
|Chairman, President And Ceo||Yes||Yes||No||No|
|Sec. Name||Acquisiton - Disposition||Date||Amount||Price||Remaning Holdings||Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
|Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
|Sec. Name||Sec. Type||Acquisiton - Disposition||Date||Amount||Price||Amount - 2||Price - 2|
|Common Stock||8.00% Series A Mandatory Convertible Preferred Stock||Acquisiton||2018-11-12||1,000||$100.99||7,746||$0.00|
|Remaning Holdings||Exercise Date||Expiration Date||Equity Swap Involved||Transaction Form Type||Transaction Code||Nature of Ownership|
|Sec. Name||Remaning Holdings||Nature of Ownership||Explanation|
|Common Stock||3,537||Indirect||By 401k|
|Common Stock||30,266||Indirect||By Grantor Retained Annuity Trust|
|Common Stock||33,701||Indirect||By Michelle M. Boynton Irrevocable Trust|
|Common Stock||32,329||Indirect||By Paul G. Boynton Trust|
|Common Stock||796||Indirect||By Wife|
- Shares are held in the Rayonier Advanced Materials Investment and Savings Plan, a 401(k) plan, for this person's account.
- The conversion rate of the 8.00% Series A Mandatory Convertible Preferred Stock (the "Preferred Stock") on the mandatory conversion date (expected to be 8/15/2019) depends on the average market value of the Common Stock for a period of time prior to the mandatory conversion date as set forth in the Certificate of Designations of 8.00% Series A Mandatory Convertible Preferred Stock, included as Exhibit 3.1 to the Issuer's Form 8-K filed with the SEC on 8/10/2016 (the "Certificate"). The Preferred Stock automatically converts into Common Stock on the mandatory conversion date at a conversion rate between 6.5923 and 7.7459 shares of Common Stock per share of Preferred Stock, subject to certain adjustments set forth in the Certificate, but holders may elect to convert shares of Preferred Stock into Common Stock at any time prior to such date at a conversion rate of 6.5923 shares of Common Stock per share of Preferred Stock, subject to certain adjustments set forth in the Certificate.
- See note (1). The conversion rate for each share of Preferred Stock will not be more than 7.7459 shares of Common Stock and not less than 6.5923 shares of Common Stock on the mandatory conversion date, subject to certain adjustments set forth in the Certificate. The reporting person has reported the maximum number of shares of Common Stock that could be received in connection with this transaction.
- Represents the purchase price of each share of Preferred Stock.