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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 | ||||||||
Special Restricted Stock Unit Award | (1) | 06/27/2014 | A | 1 (1) | (1) | 08/31/2018 | Common Stock | (1) | $ 0 | 1 (1) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BOYNTON PAUL G 1301 RIVERPLACE BOULEVARD, SUITE 2300 JACKSONVILLE, FL 32207 |
X | See Remarks |
Brenda K. Davis, Attorney-in-fact | 06/30/2014 | |
**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) | Restricted stock unit award granted under the Rayonier Advanced Materials Inc. Incentive Stock Plan that became effective upon the closing date of the separation of Rayonier Inc.'s performance fibers business and the distribution of 100% of the outstanding common stock of Rayonier Advanced Materials Inc. (the "Company") to Rayonier Inc.'s shareholders. This award will vest and become payable on August 31, 2018, subject to Mr. Boynton's continued employment with the Company and possible earlier vesting upon events specified in the award agreement. Upon vesting, $4 million in shares of Company common stock will be issued to Mr. Boynton, with the number of shares determined by applying the average closing price of a share of the Company's common stock on the New York Stock Exchange for the ten trading days preceding the vesting date. Mr. Boynton will forfeit the award if he voluntarily terminates employment with the Company or if his employment is terminated by the Company for cause. |
Remarks: President and Chief Executive Officer |