Scott D. Ferguson - May 2, 2022 Form 4 Insider Report for OLIN Corp (OLN)

Role
Director
Signature
/s/ Michael D. Adamski, as General Counsel
Stock symbol
OLN
Transactions as of
May 2, 2022
Transactions value $
$117,900
Form type
4
Date filed
5/3/2022, 07:13 PM
Previous filing
Dec 2, 2021
Next filing
May 19, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OLN Phantom Stock Units Award $118K +2K +18.69% $58.95 12.7K May 2, 2022 Common Stock 2K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to an arrangement between Mr. Ferguson and Sachem Head Capital Management LP ("Sachem Head"), the Shares and Phantom Stock Units are held by Mr. Ferguson for the benefit of Sachem Head. Such units are included as directly beneficially owned by Mr. Ferguson, but may also be deemed to be beneficially owned by Sachem Head and Uncas GP LLC, Sachem Head's General Partner, as a result of such arrangements. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.
F2 Phantom shares of common stock are credited periodically to a deferred stock account under the Amended and Restated Olin Corporation 1997 Stock Plan for Non-employee Directors and are settled in common stock or cash following the date the reporting person ceases to be a director.
F3 Security converts to common stock on a one-for-one basis.