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RAYONIER ADVANCED MATERIALS INC. — Director's Dealing 2019
Aug 20, 2019
32882_dirs_2019-08-19_e011cf15-b7b5-4d19-ac71-e8da2315d54d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: RAYONIER ADVANCED MATERIALS INC. (RYAM)
CIK: 0001597672
Period of Report: 2019-08-15
Reporting Person: BOYNTON PAUL G (Director, Chairman, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-08-15 | Common Stock | C | 7745.0000 | — | Acquired | 400594.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-08-15 | 8.00% Series A Mandatory Convertible Preferred Stock | $ | C | 1000.0000 | Disposed | 2019-08-15 | Common Stock (7745.9000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3702.9242 | Indirect |
| Common Stock | 30266.0000 | Indirect |
| Common Stock | 33701.0000 | Indirect |
| Common Stock | 32329.0000 | Indirect |
| Common Stock | 796.0000 | Indirect |
Footnotes
F1: The conversion rate of the 8.00% Series A Mandatory Convertible Preferred Stock (the "Preferred Stock") was 7.7459 shares of Common Stock per share of Preferred Stock.
F2: Shares are held in the Rayonier Advanced Materials Investment and Savings Plan, a 401(k) plan, for this person's account.
F3: 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 converted into Common Stock on 8/15/2019 (the "Mandatory Conversion Date" or "MCD") at a conversion rate between 6.5923 and 7.7459 shares of Common Stock per share of Preferred Stock, depending on the average market value of the Common Stock for a period of time prior to the MCD as set forth in the Certificate. Holders of Preferred Stock had the right to elect to convert shares of Preferred Stock into Common Stock at any time prior to the MCD at a conversion rate of 6.5923 shares of Common Stock per share of Preferred Stock, subject to certain adjustments. On the MCD, the Preferred Stock automatically converted to Common Stock at a conversion rate of 7.7459 shares of Common Stock per share of Preferred Stock.