FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
RAYONIER ADVANCED MATERIALS INC. [ RYAM ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/01/2019 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 03/01/2019 | A | 830,681(1) | A | $0.0000 | 1,103,701 | D | |||
Common Stock | 03/01/2019 | F | 60,171 | D | $14.1(2) | 1,043,530 | D | |||
Common Stock | 03/01/2019 | D | 650,681(3) | D | $14.65(2) | 392,849 | D | |||
Common Stock | 3,573.0376 | I | By 401k(4) | |||||||
Common Stock | 30,266 | I | By Grantor Retained Annuity Trust | |||||||
Common Stock | 33,701 | I | By Michelle M. Boynton Irrevocable Trust | |||||||
Common Stock | 32,329 | I | By Paul G. Boynton Trust | |||||||
Common Stock | 796 | I | By Wife |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (5) | 03/01/2019 | A | 63,482 | 03/01/2022 | 03/01/2022 | Common Stock | 63,482 | $0.0000 | 63,482 | D |
Explanation of Responses: |
1. In 2016 (when this Long-Term Incentive ("LTI") grant was awarded), the Company's Equity Incentive Plan had a share cap limit of 180,000 shares per person, per annum. Therefore, Mr. Boynton's 2016 LTI award was paid approximately 22% in performance shares under the Equity Incentive Plan, approximately 64% in phantom stock units to be settled in cash that tracked the terms and performance goals for performance shares, and 15% in phantom stock units to be settled in cash subject to time-based cliff vesting after three years. |
2. The different prices reflect treatment required under the terms of the Company's Equity Incentive Plan. |
3. On March 1, 2019, 650,681 of the reporting person's phantom stock units were settled for cash. |
4. Shares are held in the Rayonier Advanced Materials Investment and Savings Plan, a 401(k) plan, for this person's account. |
5. Each restricted stock unit represents a contingent right to receive one share of RYAM common stock. |
Brenda K. Davis, Attorney-in-Fact | 03/05/2019 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |