-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, J9TX5mV6+odzm3KSc9asLk3oWkdYkfCk0eSBqbz+ZTgjCiPGIy3qKb9moAAAR5yJ Ihx7aCuL6AJBgkDr94RW9Q== 0001157523-08-005890.txt : 20080725 0001157523-08-005890.hdr.sgml : 20080725 20080725100032 ACCESSION NUMBER: 0001157523-08-005890 CONFORMED SUBMISSION TYPE: S-8 PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20080725 DATE AS OF CHANGE: 20080725 EFFECTIVENESS DATE: 20080725 FILER: COMPANY DATA: COMPANY CONFORMED NAME: APTARGROUP INC CENTRAL INDEX KEY: 0000896622 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 363853103 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-8 SEC ACT: 1933 Act SEC FILE NUMBER: 333-152525 FILM NUMBER: 08969678 BUSINESS ADDRESS: STREET 1: 475 W TERRA COTTA AVE STREET 2: STE E CITY: CRYSTAL LAKE STATE: IL ZIP: 60014 BUSINESS PHONE: 8154770424 MAIL ADDRESS: STREET 1: 475 W. TERRA COTTA AVE. SUITE E CITY: CRYSTAL LAKE STATE: IL ZIP: 60014 S-8 1 a5739980.txt APTARGROUP, INC. S-8 As filed with the Securities and Exchange Commission on July 25, 2008 Registration No. 333-____ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-8 REGISTRATION STATEMENT Under The Securities Act of 1933 APTARGROUP, INC. (Exact name of registrant as specified in its charter) Delaware 36-3853103 (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) 475 West Terra Cotta Avenue, Suite E Crystal Lake, Illinois 60014 (Address of principal executive offices) AptarGroup, Inc. 2008 Stock Option Plan AptarGroup, Inc. 2008 Director Stock Option Plan (Full title of the plan) Copy to: Stephen J. Hagge Gary D. Gerstman Executive Vice President, Chief Sidley Austin LLP Operating Officer, Chief Financial One South Dearborn Officer and Secretary Chicago, Illinois 60603 475 West Terra Cotta Avenue, Suite E (312) 853-7000 Crystal Lake, Illinois 60014 (815) 477-0424 (Name, address and telephone number, including area code, of agent for service) Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act (Check one): Large accelerated filer [X] Accelerated filer [_] Non-accelerated filer [_] Smaller reporting company [_] (Do not check if a smaller reporting company)
Title of securities to be Amount to be Proposed maximum Proposed maximum Amount of registered registered offering price per aggregate offering registration share price fee - ----------------------------------------------------------------------------------------------------- Common Stock, $.01 par 4,300,000 shares value $37.445 (1) $161,013,500 (1) $6,327.83 - ----------------------------------------------------------------------------------------------------- Preferred Stock Purchase Rights 4,300,000 (2) -- (2) -- (2) -- (2) - -----------------------------------------------------------------------------------------------------
(1) Estimated solely for the purpose of calculating the registration fee and, pursuant to Rules 457(h)(1) and 457(c) under the Securities Act of 1933, based upon the average of the high and low sale prices of the Common Stock of the Registrant on the New York Stock Exchange on July 22, 2008. (2) Rights are initially carried and traded with the Common Stock of the Registrant. Value attributable to such Rights, if any, is reflected in the market price of the Common Stock. -2- PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT Item 3. Incorporation of Certain Documents by Reference The following documents heretofore filed with the Securities and Exchange Commission (the "Commission") by AptarGroup, Inc. (the "Company") are incorporated herein by reference: (a) The Company's Annual Report on Form 10-K for the year ended December 31, 2007. (b) All other reports filed by the Company pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") since December 31, 2007. (c) The description of the Company's common stock, par value $.01 per share (the "Common Stock"), which is contained in the Registration Statement on Form 8-A filed with the Commission on April 5, 1993 under the Exchange Act, and the description of the associated preferred stock purchase rights (the "Rights"), which is contained in the Registration Statement on Form 8-A filed with the Commission on April 7, 2003 under the Exchange Act, including in each case any subsequent amendment or any report filed for the purpose of updating such descriptions. All documents filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act and all documents filed by the Plan pursuant to Section 15(d) of the Exchange Act after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the respective dates of filing of such documents (such documents, and the documents enumerated above, being hereinafter referred to as "Incorporated Documents"). Item 4. Description of Securities ------------------------- Not applicable. Item 5. Interests of Named Experts and Counsel -------------------------------------- Not applicable. Item 6. Indemnification of Directors and Officers ----------------------------------------- The Company's Amended and Restated Certificate of Incorporation ("Certificate of Incorporation") provides that, to the fullest extent permitted by the Delaware General Corporation Law (the "DGCL"), as the same exists or may be amended, a director of the Company shall not be liable to the Company or its stockholders for monetary damages for a breach of fiduciary duty as a director. In accordance with Section 102(b)(7) of the DGCL, no director of the Company shall be personally liable to the Company or its stockholders for monetary damages for breach of fiduciary duty as a director except for (i) breach of the director's duty of loyalty to the Company or its stockholders, (ii) acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) unlawful payment of dividends under Section 174 of the DGCL or (iv) transactions from which the director derives an improper personal benefit. -3- The Certificate of Incorporation provides for indemnification of directors and officers to the fullest extent permitted by the DGCL, as amended from time to time. Under Article Thirteen of the Certificate of Incorporation, the Company may maintain insurance on behalf of any person who is or was a director, officer or employee of the Company or was serving at the request of the Company as a director, officer or employee of another corporation, partnership, joint venture, trust or other enterprise (including service with respect to any employee benefit plan) against any liability asserted against such person in such capacity, whether or not the Company would have the power to indemnify such person against such liability under the provisions of Article Thirteen of the Certificate of Incorporation. Reference is made to Section 145 of the DGCL, which provides for indemnification of directors and officers in certain circumstances. Pursuant to Section 145 of the DGCL and the Certificate of Incorporation, the Company maintains directors' and officers' liability insurance coverage. Item 7. Exemption from Registration Claimed ----------------------------------- Not applicable. Item 8. Exhibits -------- The Exhibits accompanying this Registration Statement are listed on the accompanying Exhibit Index. Item 9. Undertakings ------------ (a) The undersigned registrant hereby undertakes: (1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement: (i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933; (ii) To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high and of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective Registration Statement; and -4- (iii) To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement; provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this Registration Statement. (2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. (3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. (b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. (c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue. -5- SIGNATURES The Registrant. Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Crystal Lake, State of Illinois, on this July 25, 2008. APTARGROUP, INC. By: /s/ Stephen J. Hagge -------------------- Stephen J. Hagge Executive Vice President, Chief Operating Officer, Chief Financial Officer and Secretary KNOW ALL BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Stephen J. Hagge and Ralph A. Poltermann, and each of them, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, in any and all capacities, to sign any or all amendments (including post-effective amendments) to this Registration Statement, including any filings under Rule 462 promulgated under the Securities Act of 1933, and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitutes, may lawfully do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on this July 25, 2008.
/s/ King Harris Chairman of the Board and Director - ---------------------------------------- King Harris /s/ Peter Pfeiffer President, Chief Executive Officer and - ---------------------------------------- Peter Pfeiffer Director (Principal Executive Officer) /s/ Stephen J. Hagge Executive Vice President, Chief Operating - ---------------------------------------- Stephen J. Hagge Officer, Chief Financial Officer, Secretary and Director (Principal Accounting and Financial Officer) /s/ Stefan A. Baustert Director - ---------------------------------------- Stefan A. Baustert /s/ Alain Chevassus Director - ---------------------------------------- Alain Chevassus /s/ Rodney L. Goldstein Director - ---------------------------------------- Rodney L. Goldstein /s/ Ralph Gruska Director - ---------------------------------------- Ralph Gruska /s/ Leo A. Guthart Director - ---------------------------------------- Leo A. Guthart /s/ Carl A. Siebel Director - ---------------------------------------- Carl A. Siebel /s/ Dr. Joanne C. Smith Director - ---------------------------------------- Dr. Joanne C. Smith
-6- INDEX TO EXHIBITS TO REGISTRATION STATEMENT ON FORM S-8 Exhibit Number Description of Exhibit - ------ ---------------------- *4(a) Amended and Restated Certificate of Incorporation of the Company, as amended. 4(b) Amended and Restated By-Laws of the Company (incorporated by reference to Exhibit 3(ii) to the Company's Annual Report on Form 10-K for the year ended December 31, 2002, File No. 1-11846). 4(c) Rights Agreement dated as of April 7, 2003 between the Company and National City Bank, as rights agent (incorporated by reference to Exhibit 1 of the Company's Registration Statement on Form 8-A filed on April 7, 2003 under the Exchange Act, File No. 1-11846). 4(d) Certificate of Designation of the Series B Junior Participating Preferred Stock of the Company dated April 7, 2003 (incorporated by reference to Exhibit 2 of the Company's Registration Statement on Form 8-A filed on April 7, 2003 under the Exchange Act, File No. 1-11846). 4(e) AptarGroup, Inc. 2008 Stock Option Plan (incorporated by reference to Appendix B to the Proxy Statement for the 2008 Annual Meeting of Stockholders filed under the Exchange Act, File No. 1-11846). 4(f) AptarGroup, Inc. 2008 Director Stock Option Plan (incorporated by reference to Appendix C to the Proxy Statement for the 2008 Annual Meeting of Stockholders filed under the Exchange Act, File No. 1-11846). *5 Opinion of Sidley Austin LLP. *23(a) Consent of Sidley Austin LLP (included in its opinion filed as Exhibit 5). *23(b) Consent of PricewaterhouseCoopers LLP. *24 Powers of Attorney (contained in the signature page to this Registration Statement). - -------------------------------- * Filed herewith. EX-4 2 a5739980ex-4a.txt EXHIBIT 4(A) Exhibit 4(a) CERTIFICATE OF AMENDMENT OF AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF APTARGROUP, INC. AptarGroup, Inc. (the "Corporation"), a corporation organized and existing under and by virtue of the General Corporation Law of the State of Delaware (the "DGCL"), DOES HEREBY CERTIFY THAT: FIRST: The Board of Directors of the Corporation, by unanimous written consent pursuant to Section 141(f) of the DGCL, a copy of which has been filed with the minutes of the Corporation, adopted resolutions proposing the following amendment of the Amended and Restated Certificate of Incorporation of the Corporation. The resolution setting forth the proposed amendment is as follows: RESOLVED, that the Corporation's Amended and Restated Certificate of Incorporation be, and hereby is, amended by replacing the first sentence of Section 4.1 of Article Four of the Amended and Restated Certificate of Incorporation in its entirety with the following language: "4.1 Capital Stock. The total number of shares of stock which the Corporation has authority to issue is 200,000,000 shares, consisting of 1,000,000 shares of Preferred Stock, par value $.01 per share, and 199,000,000 shares of Common Stock, par value $.01 per share." SECOND: That thereafter, pursuant to a resolution of its Board of Directors, an annual meeting of the stockholders of the Corporation was duly called and held upon notice in accordance with Section 222 of the DGCL, at which meeting the necessary number of shares as required by statute were voted in favor of the amendment. THIRD: That said amendment was duly adopted in accordance with the provisions of Section 242 of the DGCL. -1- IN WITNESS WHEREOF, said Corporation has caused this Certificate of Amendment of Amended and Restated Certificate of Incorporation to be signed by Stephen J. Hagge, its Executive Vice President, Chief Operating Officer, Chief Financial Officer and Secretary this 7th day of May, 2008. /s/ Stephen J. Hagge -------------------- Name: Stephen J. Hagge Title: Executive Vice President, Chief Operating Officer, Chief Financial Officer and Secretary -2- AMENDED AND RESTATED CERTIFICATE OF INCORPORATION ------------------------------------------------- OF -- APTARGROUP, INC. ---------------- ARTICLE ONE ----------- The name of the Corporation is AptarGroup, Inc. ARTICLE TWO ----------- The address of the Corporation's registered office in the State of Delaware is 32 Loockerman Square, Suite L-100, in the City of Dover, County of Kent, 19901. The name of its registered agent at such address is the Prentice-Hall Corporation System, Inc. ARTICLE THREE ------------- The nature of the business or purposes to be conducted or promoted is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of the State of Delaware. ARTICLE FOUR ------------ 4.1 Capital Stock. The total number of shares of stock which the Corporation has authority to issue is 100,000,000 shares, consisting of 1,000,000 shares of Preferred Stock, par value $.01 per share, and 99,000,000 shares of Common Stock, par value $.01 per share. The number of authorized shares of Preferred Stock may not be decreased unless such decrease is approved by the affirmative vote of the holders of not less than eighty percent (80%) of the outstanding Common Stock. Any such decrease may be effected without a vote of the holders of the Preferred Stock, or of any series thereof, unless a vote of any such holders is required pursuant to the certificate or certificates establishing the series of Preferred Stock. In no event may the number of authorized shares of Preferred Stock be decreased below the number of shares thereof then outstanding. Any issuance of capital stock of the Corporation (other than an issuance pursuant to any plan which has received stockholder approval, any issuance pursuant to the Rights Agreement dated as of April 6, 1993 by and between AptarGroup, Inc. and Chemical Bank, as amended from time to time in accordance with its terms, or any issuance in connection with an acquisition of at least a majority of another corporation, partnership or other entity) must be approved by a resolution adopted by directors constituting not less than seventy percent (70%) of the whole Board of Directors. -3- 4.2 Preferred Stock. The Board of Directors of the Corporation may, by a resolution adopted by directors constituting not less than seventy percent (70%) of the whole Board of Directors and subject to the limitations prescribed by law and the provisions of this Certificate of Incorporation, provide for the issuance of shares of the Preferred Stock or provide for the issuance of shares of the Preferred Stock in one or more series, establish from time to time the number of shares to be included in each such series and fix the designations, voting powers, preferences, rights and qualifications, limitations or restrictions of the shares of the Preferred Stock of each such series. The provisions set forth in this Section 4.2 may not be amended, altered, changed or repealed in any respect unless such action is approved by the affirmative vote of the holders of not less than eighty percent (80%) of the outstanding shares of Common Stock entitled to vote on each matter on which the holders of record of Common Stock shall be entitled to vote. 4.3 Common Stock. Except as otherwise provided by the General Corporation Law of the State of Delaware, by this Certificate of Incorporation or any amendments hereto and subject to the rights of holders of Preferred Stock, all of the voting power of the stockholders of the Corporation shall be vested in the holders of the Common Stock, and each holder of Common Stock shall have one (1) vote for each share of Common Stock held by such holder on all matters voted upon by the stockholders. 4.4 Definition. For purposes of this Article Fourth, "whole Board of Directors" means the total number of directors which the Corporation would have on the Board of Directors if there were no vacancies. ARTICLE FIVE ------------ In furtherance and not in limitation of the powers conferred by statute, the Board of Directors of the Corporation is expressly authorized to adopt, amend or repeal the By-Laws of the Corporation. Any adoption, amendment or repeal of the By-Laws of the Corporation by the Board of Directors shall require the approval of directors constituting not less than seventy percent (70%) of the whole Board of Directors. The stockholders shall also have power to adopt, amend or repeal the By-Laws of the Corporation; provided, however, that, in addition to any vote of the holders of any class or series of stock of the Corporation required by law or by this Certificate of Incorporation, the affirmative vote of the holders of not less than eighty percent (80%) of the outstanding shares of Common Stock entitled to vote on each matter on which the holders of record of Common Stock shall be entitled to vote shall be required in order for the stockholders to adopt, amend or repeal any provision of the By-Laws of the Corporation. For purposes of this Article Five, "whole Board of Directors" means the total number of directors which the Corporation would have on the Board of Directors, if there were no vacancies. The provisions set forth in this Article Five may not be amended, altered, changed or repealed in any respect unless such action is approved by the affirmative vote of the holders of not less than eighty percent (80%) of the outstanding shares of Common Stock entitled to vote on each matter on which the holders of record of Common Stock shall be entitled to vote. -4- ARTICLE SIX ----------- Meetings of stockholders may be held within or without the State of Delaware, as the By-Laws of the Corporation may provide. The books of the Corporation may be kept outside the State of Delaware at such place or places as may be designated from time to time by the Board of Directors or in the By-Laws of the Corporation. All elections of directors shall be by written ballot. ARTICLE SEVEN ------------- 7.1 Number of Directors. Subject to any rights of the holders of the Preferred Stock or any series thereof to elect additional directors under specified circumstances, the number of directors which shall constitute the whole Board of Directors of the Corporation shall be such number as shall from time to time be fixed by resolution adopted by directors constituting not less than seventy (70%) of the whole Board of Directors. The Board is divided into three classes, as nearly equal in number as possible, with the term of the office of the first class to expire at the 1994 annual meeting of stockholders, the term of office of the second class to expire at the 1995 annual meeting of stockholders and the term of office of the third class to expire at the 1996 annual meeting of stockholders. At each annual meeting of stockholders beginning with the 1994 annual meeting of stockholders, directors elected to succeed those directors whose terms expire shall be elected for a term of office to expire at the third succeeding annual meeting of stockholders after their election. The foregoing notwithstanding, each director shall serve until his successor shall have duly elected and qualified, unless he shall resign, die, become disqualified or be removed. 7.2 Vacancies and Newly Created Directorships. Subject to any rights of the holders of the Preferred Stock or any series thereof to fill such newly created directorships or vacancies, any newly created directorships resulting from any increase in the authorized number of directors and any vacancies in the Board of Directors resulting from death, resignation, disqualification, removal or other cause shall, unless otherwise provided by law or by a resolution approved by directors constituting not less than seventy percent (70%) of the whole Board of Directors, be filled only by a resolution approved by directors constituting not less than seventy percent (70%) of the whole Board of Directors, and any directors so chosen shall hold office until the next election of the classes for which such director shall have been chosen, and until his successor shall have been duly elected and qualified, unless he shall resign, die, become disqualified or be removed. Notwithstanding the foregoing, in the event that at the time of the existence of an unfilled newly created directorship or vacancy there are unfilled newly created directorships and/or vacancies constituting more than thirty percent (30%) of the whole Board of Directors, a majority of the directors then serving on the Board of Directors shall have the authority to fill enough of such unfilled newly created directorships and/or vacancies so that, after giving effect thereto, there will be the minimum number of directors serving on the Board of Directors necessary to constitute seventy percent (70%) of the whole Board of Directors. -5- 7.3 Powers, Qualifications and Removal. The business of the Corporation shall be managed by or under the direction of the Board of Directors. Any director may tender his resignation at any time. Subject to any rights of the holders of the Preferred Stock or any series thereof, any director or the entire Board of Directors may be removed at any time, but only for cause. 7.4 Definition. For purposes of this Article Seven, "whole Board of Directors" means the total number of directors which the Corporation would have on the Board of Directors if there were no vacancies. 7.5 Amendment. The provisions set forth in this Article Seven may not be amended, altered, changed or repealed in any respect unless such action is approved by the affirmative vote of the holders of not less than eighty percent (80%) of the outstanding shares of Common Stock entitled to vote on each matter on which the holders of record of Common Stock shall be entitled to vote. ARTICLE EIGHT ------------- 8.1 Special Meetings of Stockholders. Special meeting of stockholders of the Corporation may be called only by the Board of Directors pursuant to a resolution approved by a majority of the whole Board of Directors. 8.2 No Stockholder Action by Consent. No action required to be taken or which may be taken at any annual or special meeting of stockholders of the Corporation may be taken without a meeting. 8.3 Advance Notice of Stockholder Nominations. Advance notice of stockholder nominations of persons for election to the Board of Directors of the Corporation and of business to be brought before any meeting of the stockholders by the stockholders of the Corporation shall be given in the manner provided in the By-Laws of the Corporation. -6- 8.4 Definition. For purposes of this Article Eight, "whole Board of Directors" means the total number of directors which the Corporation would have on the Board of Directors if there were no vacancies. 8.5 Amendment. The provisions set forth in this Article Eight may not be amended, altered, changed or repealed in any respect unless such action is approved by the affirmative vote of the holders of not less than eighty percent (80%) of the outstanding shares of Common Stock entitled to vote on each matter on which the holders of record Common Stock shall be entitled to vote. ARTICLE NINE ------------ To the fullest extent permitted by the General Corporation Law of the State of Delaware as the same exists or may hereafter be amended, a director of the Corporation shall not be liable to the Corporation or its stockholders for monetary damages for a breach of fiduciary duty as a director. Any repeal or modification of this Article Nine shall not adversely affect any right or protection of a director of the Corporation existing at the time of such repeal or modification. The provisions set forth in this Article Nine may not be amended, altered, changed or repealed in any respect unless such action is approved by the affirmative vote of the holders of not less than eighty percent (80%) of the outstanding shares of Common Stock entitled to vote on each matter on which the holders of record of Common Stock shall be entitled to vote. ARTICLE TEN ----------- The Corporation elects not to be governed by Section 203 of the General Corporation Law of the State of Delaware. ARTICLE ELEVEN -------------- 11.1 Business Combinations with Interested Stockholders. The Corporation shall not engage in any business combination with any interested stockholder for a period of 3 years following the date that such stockholder became an interested stockholder, unless (A) prior to such date a majority of the whole Board of Directors approved either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder, or (B) upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the Corporation outstanding at the time the transaction commenced, excluding for purposes of determining the number of shares outstanding those shares owned (i) by persons who are directors and also officers of the Corporation and (ii) by employee stock plans of the Corporation or its subsidiaries in which employee participants do not have the right to determine confidentially whether shares of stock of the Corporation held subject to the plan will be tendered in a tender or exchange offer, or (C) on or subsequent to such date the business combination is approved by a majority of the whole Board of Directors and authorized at an annual or special meeting of stockholders, and not by written consent, by affirmative vote of at least 66 2/3% of the outstanding voting stock of the Corporation which is not owned by the interested stockholder. -7- 11.2 Exclusions. The restrictions contained in this Article Eleven shall not apply if: (A) a stockholder becomes an interested stockholder inadvertently and (i) as soon as practicable divests sufficient shares so that the stockholder ceases to be an interested stockholder and (ii) would not, at any time within the 3-year period immediately prior to a business combination between the Corporation and such stockholder, have been an interested stockholder but for the inadvertent acquisition; or (B) the business combination is proposed prior to the consummation or abandonment of and subsequent to the earlier of the public announcement or the notice required hereunder of a proposed transaction which (i) constitutes one of the transactions described in the second sentence of this subsection (B); (ii) is with or by a person who either was not an interested stockholder during the previous 3 years or who became an interested stockholder with the prior approval of a majority of the Corporation's whole Board of Directors; and (iii) is approved or not opposed by a majority of the members of the Board of Directors then in office (but not less than 1) who were directors prior to any person becoming an interested stockholder during the previous 3 years or were recommended for election or elected to succeed such directors by a majority of such directors. The proposed transactions referred to in the preceding sentence are limited to (x) a merger or consolidation of the Corporation (except for a merger in respect of which, pursuant to Section 251 (f) of the General Corporation Law of the State of Delaware or any successor provision, no vote of the stockholders of the Corporation is required); (y) a sale, lease, exchange, mortgage, pledge, transfer or other disposition (in one transaction or a series of transactions), whether as part of a dissolution or otherwise, of assets of the Corporation or of any direct of indirect or indirect majority-owned subsidiary of the Corporation (other than to any direct or indirect wholly-owned subsidiary or to the Corporation) having an aggregate market value equal to 50% or more of either the aggregate market value of all of the assets of the Corporation determined on a consolidated basis or the aggregate market value of all the outstanding stock of the Corporation; and (z) a proposed tender or exchange offer for 50% or more of the outstanding voting stock of the Corporation. The Corporation shall give not less than 20 days' notice to all stockholders known to it to be interested stockholders prior to the consummation of any of the transactions described in clause (x) or (y) of the second sentence of this subsection (B). 11.3 Definitions. As used in this Article Eleven only, the term: -8- (A) "affiliate" means a person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, another person; provided that, for purposes of this Article Eleven, the term "affiliate" shall not include any person that is an exempt person. (B) "associate," when used to indicate a relationship with any person, means (i) any corporation or organization of which such person is a director, officer or partner or is, directly or indirectly, the owner of 20% or more of any class of voting stock, (ii) any trust or other estate in which such person has at least a 20% beneficial interest or as to which such person serves as trustee or in a similar fiduciary capacity, and (iii) any relative or spouse of such person, or any relative of such spouse, who has the residence as such person; provided that, for purposes of this Article Eleven, the term "associate" shall not include any person that is an exempt person. (C) "business combination," when used in reference to the Corporation and any interested stockholder of the Corporation, means: (i) any merger or consolidation of the Corporation or any direct or indirect majority-owned subsidiary of the Corporation with (1) the interested stockholder or (2) any other person if the merger or consolidation is caused by the interested stockholder and as a result of such merger or consolidation Section 11.1 of this Article Eleven is not applicable to the surviving person; (ii) any sale, lease, exchange, mortgage, pledge, transfer or other disposition (in one transaction or a series of transactions), except proportionately as a stockholder of the Corporation, to or with the interested stockholder, whether as part of a dissolution or otherwise, of assets of the Corporation or of any direct or indirect majority-owned subsidiary of the Corporation which assets have an aggregate market value equal to 10% or more of either the aggregate market value of all assets of the Corporation determined on a consolidated basis or the aggregate market value of all the outstanding stock of the Corporation; (iii) any transaction which results in the issuance or transfer by the Corporation or by any direct or indirect majority-owned subsidiary of the Corporation of any stock of the Corporation or of such subsidiary to the interested stockholder, except (1) pursuant to the exercise, exchange or conversion of securities exercisable for, exchangeable for or convertible into stock of the Corporation or any such subsidiary which securities were outstanding prior to the time that the interested stockholder became such, (2) pursuant to a dividend or distribution paid or made, or the exercise, exchange or conversion of any security exercisable for, exchangeable for or convertible into stock of the Corporation or any such subsidiary which security is distributed, pro rata to all holders of a class or series of stock of the Corporation subsequent to the time the interested stockholder became such, (3) pursuant to an exchange offer by the Corporation to purchase stock made on the same terms to all holders of said stock, or (4) any issuance or transfer of stock by the Corporation, provided however, that in no case under (2) - (4) above shall there be an increase in the interested stockholder's proportionate share of the stock of any class or series of the Corporation or of the voting stock of the Corporation; -9- (iv) any transaction involving the Corporation or any direct or indirect majority-owned subsidiary of the Corporation which has the effect, directly or indirectly, of increasing the proportionate share of the stock of any class or series, or of securities exercisable for, exchangeable for or convertible into the stock of any class or series, of the Corporation or of any such subsidiary which is owned by the interested stockholder, except as a result of immaterial changes due to fractional share adjustments or as a result of any purchase or redemption of any shares of stock not caused, directly or indirectly, by the interested stockholder; or (v) any receipt by the interested stockholder of the benefit, directly or indirectly (except proportionately as a stockholder of the Corporation) of any loans, advances, guarantees, pledges, or other financial benefits (other than those expressly permitted in subsection (i) - (iv) above) provided by or through the Corporation or any direct or indirect majority owned subsidiary. (D) "control," including the terms "controlling," "controlled by" and "under common control with," means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting stock, by contract, or otherwise. A person who is the owner of 20% or more of a corporation's outstanding voting stock shall be presumed to have control of such corporation, in the absence of proof by a preponderance of the evidence to the contrary. Notwithstanding the foregoing, a presumption of control shall not apply where such person holds voting stock, in good faith and not for the purpose of circumventing this Article Eleven, as an agent, bank, broker, nominee, custodian or trustee for one or more owners who do not individually or as a group have control of the Corporation. (E) "exempt person" means (i) any person that at the time of determination is the Harris Group, a member thereof or a person or which the Harris Group or one or more members thereof owns (a) more than fifty percent (50%) of the voting stock or other voting interests and (b) stock or other interests representing more than fifty percent (50%) of the total value of the stock or other interests of such person, (ii) any person that at the time of determination is the Pfeiffer Group, a member thereof or a person of which the Pfeiffer Group or one or more members thereof owns (a) more than fifty percent (50% ) of the voting stock or other voting interests and (b) stock or other interests representing more than fifty percent (50%) of the total value of the stock or other interests of such person and (iii) any person whose ownership of shares in excess of the 15% limitation set forth in the definition of "interested stockholder" is the result of action taken solely by the Corporation provided that such person shall cease to be an exempt person if thereafter he acquires additional shares of voting stock of the Corporation except as a result of further action by the Corporation not caused, directly or indirectly, by such person. Notwithstanding the foregoing sentence, none of the persons described in clause (i) above shall continue to be an exempt person by virtue of such clause after the earliest date after the Pfeiffer Share Exchange on which such persons are owners in the aggregate of less than 3% of the Corporation's outstanding voting stock (determined without taking into account any securities exercisable or exchangeable for, or convertible into, the Corporation's voting stock, other than any such securities owned by such persons), and none of the persons described in clause (ii) above shall continue to be an exempt person by virtue of such clause after the earliest date after the Pfeiffer Share Exchange on which such persons are owners in the aggregate of less than 3% of the Corporation's outstanding voting stock (determined without taking into account any securities exercisable or exchangeable for, or convertible into, the Corporation's voting stock, other than any such securities owned by such persons). -10- (F) "Harris Group" means Messrs. Irving B. Harris, Neison Harris, King Harris, William W. Harris and Sidney Barrows and their respective spouses, descendants and spouses of descendants, trustees of trusts established for the benefit of such persons (acting in their capacity as trustees of such trusts), and executors of estates of such persons (acting in their capacity as executors of such estates). (G) "interested stockholder" means any person (other than an exempt person and other than the Corporation and any direct or indirect majority-owned subsidiary of the Corporation) that (i) is the owner of 15% or more of the outstanding voting stock of the Corporation, or (ii) is an affiliate or associate of the Corporation and was the owner of 15% or more of the outstanding voting stock of the Corporation at any time within the three-year period immediately prior to the date on which it is sought to be determined whether such person is an interested stockholder; and the affiliates and associates of such person. For the purpose of determining whether a person is an interested stockholder, the voting stock of the Corporation deemed to be outstanding shall include stock deemed to be owned by the person through application of subsection (H) of this Section 11.3 but shall not include any other unissued stock of the Corporation which may be issuable pursuant to any agreement, arrangement or understanding, or upon exercise of conversion rights, warrants or options, or otherwise. (H) "owners" including the terms "own" and "owned," when used with respect to any stock means a person that individually or with or through any of its affiliates or associates: (i) beneficially owns (as determined pursuant to Rule 13d-3 of the General Rules and Regulations under the Securities Exchange Act of 1934 or any successor provision) such stock, directly or indirectly; or (ii) has (1) the right to acquire such stock (whether such right is exercisable immediately or only after the passage of time) pursuant to any agreement, arrangement or understanding, or upon the exercise of exercise rights, conversion rights, exchange rights, warrants or options, or otherwise; provided, however, that a person shall not be deemed the owner of stock tendered pursuant to a tender or exchange offer made by such person or any of such person's affiliates or associates until such tendered stock is accepted for purchase or exchange; or (2) the right to vote such stock pursuant to any agreement, arrangement or understanding; provided, however, that a person shall not be deemed the owner of any stock because of such person's right to vote such stock if the agreement, arrangement or understanding to vote such stock arises solely from a revocable proxy or consent given in response to a proxy or consent solicitation made to 10 or more persons; or -11- (iii) has any agreement, arrangement or understanding for the purpose of acquiring, holding, voting (except voting pursuant to a revocable proxy or consent as described in item (2) of clause (ii) of this subsection), or disposing of such stock with any other person that beneficially owns, or whose affiliates or associates beneficially own, directly or indirectly, such stock. Nothing in this subsection (H) shall cause a person to be treated as the "owner" of, or to "own," any securities owned by any other person that is an exempt person. (I) "person" means any individual, corporation, partnership, unincorporated association, trust or other entity. (J) "Pfeiffer Group" means Peter Pfeiffer, Philipp Pfeiffer, Anne Pfeiffer, Klaus Pfeiffer, Birgit Pfeiffer, Petra Pfeiffer, Karin Pilz, Norbert Pilz, Gunther Pilz, Elke Miedler, Gudrun Miedler, Iris Miedler and Stefan Miedler and their respective spouses, descendants and spouses of descendants, trustees of trusts established for the benefit of such persons (acting in their capacity as trustees of such trusts), and executors of estates of such persons (acting in their capacity as executors of such estates). (K) "Pfeiffer Share Exchange" has the meaning assigned to such term in the Combination Agreement dated as of December 31, 1992 to which the Corporation and certain members of the Pfeiffer Group are parties. (L) "spouses" includes widows and widowers until first remarried. (M) "voting stock" means stock of any class or series entitled to vote generally in the election of directors. -12- (N) "whole Board of Directors" means the total number of directors which the Corporation would have on the Board of Directors if there were no vacancies. 11.4 Amendment. The provisions set forth in this Article Eleven may not be amended, altered, changed or repealed in any respect unless such action is approved by the affirmative vote of at least 66-2/3% of the outstanding shares of Common Stock entitled to vote on each matter on which the holders of record of Common Stock shall be entitled to vote which are not owned by an interested stockholder. ARTICLE TWELVE -------------- In the event that it is proposed that the Corporation enter into a merger or consolidation with any other corporation (other than a direct or indirect wholly-owned subsidiary of the Corporation), or sell or otherwise dispose of all or substantially all of its assets or business in one transaction or a series of transactions, or liquidate or dissolve, the affirmative vote of the holders of not less than eighty percent (80%) of the outstanding shares of Common Stock entitled to vote on each matter on which the holders of record of Common Stock shall be entitled to vote shall be required for the approval of such proposal; provided, however, that the foregoing shall not apply to any such merger, consolidation, sale, disposition, liquidation or dissolution which is approved by resolution of two-thirds of the whole Board of Directors, if the majority of the members of the Board of Directors adopting such resolution were members of the Board of Directors of the Corporation prior to the public announcement of the proposed merger, consolidation, sale, disposition, dissolution or liquidation and prior to the public announcement of any transaction relating to such merger, consolidation, sale, disposition, dissolution or liquidation. If such approval is granted, then such transaction shall only require the approval otherwise required under the other Articles of this Certificate of Incorporation and under law. For purposes of this Article Twelve, "whole Board of Directors" means the total number of directors which the Corporation would have on the Board of Directors if there were no vacancies. The provisions set forth in this Article Twelve may not be amended, altered, changed or repealed in any respect unless such action is approved by the affirmative vote of the holders of not less than eighty percent (80%) of the outstanding shares of Common Stock entitled to vote on each matter on which the holders of record of Common Stock shall be entitled to vote. ARTICLE THIRTEEN ---------------- 13.1 Indemnification of Officers, Directors and Others. The Corporation shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (including any action by or in the right of the Corporation) (a "Proceeding") by reason of the fact that he is or was a director, officer or employee of the Corporation, or is or was serving at the request of the Corporation as a director, officer or employee of another corporation, partnership, joint venture, trust or other enterprise (including service with respect to any employee benefit plan) against expenses (including attorneys' fees), judgments, fines, ERISA excise taxes, penalties and amounts paid in settlement actually and reasonably incurred by him in connection with such Proceeding to the fullest extent permitted by the Delaware General Corporation Law, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Corporation to provide broader indemnification rights than such law permitted the Corporation to provide prior to such amendment). The indemnification provided by this Article Thirteen shall not be deemed exclusive of any other rights to which any person may be entitled under any By-Law, agreement, vote of stockholders or disinterested directors, or otherwise, both as to action in his official capacity and as to action in another capacity, and shall continue as to a person who has ceased to be a director, officer or employee and shall inure to the benefit of the heirs, executors, administrators and personal representatives of such a person. It is expressly understood that, notwithstanding the foregoing, no director, officer or employee shall have any rights under this Article Thirteen if the Proceeding giving rise to the claim for indemnification hereunder arises as a result of actions or failures to act in any capacity other than those set forth in this Section 13.1, and, as such, no such person shall have any rights under this Article Thirteen if the Proceeding giving rise to the claim for indemnification arises as a result of such person's purchase and/or sale of securities of the Corporation (other than on behalf of the Corporation). -13- 13.2 Procedure for Indemnification of Directors, Officers and Employees. Any indemnification of a director, officer or employee of the Corporation or advance of expenses under this Article Thirteen shall be made promptly upon the written request of the director, officer or employee, and in any event within 30 days after such request (or, if a determination as described below is required, within 30 days after such determination has been made or deemed made). If a determination by the Corporation that the director, officer or employee is entitled to indemnification pursuant to this Article Thirteen is required, and the Corporation fails to respond within sixty days to a written request for indemnity, the Corporation shall be deemed to have approved the request. If the Corporation denies a written request for indemnification or advancing of expenses, in whole or in part, or if payment in full pursuant to such request is not made within 30 days after such request (or, if a determination as described above is required, within 30 days after such determination has been made or deemed made), the right to indemnification or advances as granted by this Article Thirteen shall be enforceable by the director, officer or employee in any court of competent jurisdiction. Such person's costs and expenses incurred in connection with successfully establishing his right to indemnification, in whole or in part, in any such action shall also be indemnified by the Corporation. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any Proceeding in advance of its final disposition where the required undertaking has been tendered to the Corporation) that the claimant has not met the standards of conduct which make it permissible under the General Corporation Law of the State of Delaware for the Corporation to indemnify the claimant for the amount claimed, but the burden of such defense shall be on the Corporation. Neither the failure of the Corporation (including its board of directors, independent legal counsel, or its stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he has met the applicable standard of conduct set forth in the General Corporation Law of the State of Delaware, nor an actual determination by the Corporation (including its board of directors, independent legal counsel, or its stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct. -14- 13.3 Insurance. The Corporation may purchase and maintain insurance on its own behalf and on behalf of any person who is or was a director, officer or employee of the Corporation or was serving at the request of the Corporation as a director, officer or employee of another corporation, partnership, joint venture, trust or other enterprise (including service with respect to any employee benefit plan) against any liability asserted against him and incurred by him in any such capacity, whether or not the Corporation would have the power to indemnify such person against such liability under this Article Thirteen. 13.4 Expenses. Expenses incurred by any person described in this Article Thirteen in defending a Proceeding shall be paid by the Corporation in advance of such Proceeding's final disposition upon receipt of an undertaking by or on behalf of the director, officer or employee to repay such amount without interest if it shall ultimately be determined that he is not entitled to be indemnified by the Corporation. 13.5 Contract Rights. The provisions of this Article Thirteen shall be deemed to be a contract between the Corporation and each director, officer or employee who serves in any such capacity at any time, and any repeal or modification of this Article Thirteen or of any relevant provisions of the General Corporation Law of the State of Delaware or other applicable law shall not affect any rights or obligations then existing with respect to any state of facts or Proceeding then existing. 13.6 Merger or Consolidation. For purposes of this Article Thirteen, references to "the Corporation" shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers and employees, so that any person who is or was a director, officer or employee of such a constituent corporation, or is or was serving at the request of such a constituent corporation as a director, officer or employee of another corporation, partnership, joint venture, trust or other enterprise (including service with respect to any employee benefit plan), shall stand in the same position under this Article Thirteen with respect to the resulting or surviving corporation as he would have with respect to such constituent corporation if its separate existence had continued. 13.7 Indemnification of Agents. The Corporation may, to the extent authorized from time to time by the Board of Directors, grant rights to indemnification and to the advancement of expenses to any agent of the Corporation to the fullest extent of the provisions of this Article Thirteen with respect to the indemnification and advancement of expenses of directors, officers and employees of the Corporation. 13.8 Amendment. The provisions set forth in this Article Thirteen may not be amended, altered, changed or repealed in any respect unless such actions approved by the affirmative vote of the holders of not less than eighty percent (80%) of the outstanding shares of Common Stock entitled to vote on each matter on which the holders of record of Common Stock shall be entitled to vote. -15- ARTICLE FOURTEEN ---------------- The Corporation is to have perpetual existence. ARTICLE FIFTEEN --------------- The Corporation reserves the right to amend, alter, change or repeal any provision contained in this Certificate of Incorporation in the manner now or hereafter prescribed herein and by the laws of the State of Delaware, and all rights conferred upon stockholders herein are granted subject to this reservation. -16- EX-5 3 a5739980ex-5.txt EXHIBIT 5 SIDLEY Austin LLP SIDLEY AUSTIN LLP BEIJING LOS ANGELES SIDLEY ONE SOUTH DEARBORN BRUSSELS NEW YORK CHICAGO, IL 60603 CHICAGO SAN FRANCISCO (312) 853 7000 DALLAS SHANGHAI (312) 853 7036 FAX FRANKFURT SINGAPORE GENEVA SYDNEY HONG KONG TOKYO LONDON WASHINGTON, D.C. FOUNDED 1866 Exhibit 5 July 25, 2008 AptarGroup, Inc. 475 West Terra Cotta Avenue, Suite E Crystal Lake, Illinois 60014 Re: Aptar Group, Inc. Registration on Form S-8 ------------------------------------------ Ladies and Gentlemen: We refer to the Registration Statement on Form S-8 (the "Registration Statement") being filed by AptarGroup, Inc., a Delaware corporation (the "Company"), with the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "Securities Act"), relating to the registration of 4,300,000 shares of common stock, par value $.01 per share (the "Shares"), of the Company, together with 4,300,000 preferred stock purchase rights (the "Rights") associated therewith, to be issued under the Company's 2008 Stock Option Plan and 2008 Director Stock Option Plan (collectively, the "Plans"). The terms of the Rights are set forth in the Rights Agreement dated as of April 7, 2003 (the "Rights Agreement") between the Company and National City Bank, as Rights Agent. We are familiar with the Amended and Restated Certificate of Incorporation of the Company, as amended, the Amended and Restated By-laws of the Company and the resolutions of the Board of Directors of the Company relating to the Plans and the Registration Statement. In this connection, we have examined such records, documents and questions of law, and have satisfied ourselves as to such matters of fact, as we have considered relevant and necessary as a basis for the opinions set forth herein. We have assumed the authenticity of all documents submitted to us as originals, the genuineness of all signatures, the legal capacity of all natural persons and the conformity with the original documents of any copies thereof submitted to us for our examination. Based upon the foregoing, we are of the opinion that: SIDLEY AUSTIN LLP SIDLEY AptarGroup, Inc. July 25, 2008 Page 2 1. The Company is duly incorporated and validly existing under the laws of the State of Delaware. 2. The Shares will be legally issued, fully paid and non-assessable when (i) the Registration Statement, as finally amended, shall have become effective under the Securities Act; (ii) the Company's Board of Directors or a duly authorized committee thereof shall have duly adopted final resolutions authorizing the issuance of the Shares as contemplated by the Registration Statement and the relevant Plan; and (iii) certificates representing such Shares shall have been duly executed, countersigned and registered and duly delivered against receipt by the Company of the consideration (not less than the par value thereof) provided in the applicable Plan. 3. The Rights associated with the Shares referred to in paragraph 2 will be legally issued when (i) such Rights have been duly issued in accordance with the terms of the Rights Agreement; and (ii) certificates representing such Shares shall have been duly executed, countersigned and registered and duly delivered against receipt by the Company of the consideration (not less than the par value thereof) provided in the applicable Plan. We do not find it necessary for the purposes of this opinion letter to cover, and accordingly we express no opinion as to, the application of the securities or blue sky laws of the various states or the District of Columbia to the issuance and sale of the Shares or the associated Rights. This opinion letter is limited to the General Corporation Law of the State of Delaware. We hereby consent to the filing of this opinion letter as an exhibit to the Registration Statement and to all references to our firm included in or made a part of the Registration Statement. In giving such consent, we do not thereby admit that we are within the category of persons from whom consent is required by Section 7 of the Securities Act or the related rules promulgated by the Commission. Very truly yours, /s/ Sidley Austin LLP --------------------- Sidley Austin LLP 2 EX-23 4 a5739980ex-23b.txt EXHIBIT 23(B) Exhibit 23(b) CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated February 28, 2008 relating to the financial statements, financial statement schedules and the effectiveness of internal control over financial reporting, which appears in AptarGroup Inc.'s Annual Report on Form 10-K for the year ended December 31, 2007. /s/ PricewaterhouseCoopers LLP - ------------------------------ PricewaterhouseCoopers LLP July 25, 2008 -----END PRIVACY-ENHANCED MESSAGE-----