Brian R. Shelton - Nov 19, 2024 Form 4 Insider Report for HAYNES INTERNATIONAL INC (HAYN)

Role
Director
Signature
/s/ Daniel W. Maudlin, attorney-in-fact for Brian R. Shelton
Stock symbol
HAYN
Transactions as of
Nov 19, 2024
Transactions value $
$0
Form type
4
Date filed
11/21/2024, 05:05 PM
Previous filing
Nov 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HAYN Common Stock Award $0 +1.97K +50.81% $0.00 5.84K Nov 19, 2024 Direct F1
transaction HAYN Common Stock Disposed to Issuer -5.84K -100% 0 Nov 21, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Brian R. Shelton is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents restricted grant subject to vesting and forfeiture.
F2 On November 21, 2024, pursuant to the Agreement and Plan of Merger, dated as of February 4, 2024, by and among North American Stainless, Inc. ("Parent"), Warhol Merger Sub, Inc. ("Merger Sub"), Haynes International, Inc. (the "Company"), and solely for the purposes of Section 9.14, Acerinox, S.A., Merger Sub merged with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger, each share of Company common stock issued and outstanding as of immediately prior to the effective time of the Merger was converted into the right to receive cash in an amount equal to $61.00, without interest.
F3 The number of shares disposed of in the Merger includes 4,444 shares of restricted stock held by the reporting person as of immediately prior to the effective time of the Merger. At the effective time of the Merger, each award of Company restricted stock outstanding as of immediately prior to the effective time was cancelled and converted into the right to receive an amount in cash, without interest and subject to applicable withholding taxes, equal to the sum of (i) the product of (A) the per share price of $61.00 and (B) the total number of shares of Company common stock subject to such award of Company restricted stock as of immediately prior to the effective time plus (ii) the amount of any accrued but unpaid dividends with respect to such award of Company restricted stock.