Philip C. Moore - 06 Jul 2022 Form 4 Insider Report for Neenah Inc

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 06 Jul 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 29 Jul 2022, 16:11:42 UTC
Prior SEC filing: 03 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ Philip C. Moore

Key filing fact

Philip C. Moore filed Form 4 for Neenah Inc on 29 Jul 2022.

Key facts

This page summarizes Philip C. Moore's Form 4 filing for Neenah Inc.
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 29 Jul 2022, 16:11.

Change

Previous filing in this sequence was filed on 03 Mar 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NP transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -18,075
Change %: -100%
Price
Shares after: 0
Date: 06 Jul 2022
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NP transaction Derivative

Stock Options

Disposed to Issuer

Transaction value
Shares: -1,930
Change %: -100%
Price
Shares after: 0
Date: 06 Jul 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,930
Exercise price: $48.19
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Philip C. Moore is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

These shares of common stock were disposed of pursuant to the Agreement and Plan of Merger, dated as of March 28, 2022 (the "Merger Agreement") by and among Neenah, Inc. ("Neenah"), Samurai Warrior Merger Sub, Inc. and Mativ Holdings, Inc. (f/k/a Schweitzer-Mauduit International, Inc., "Mativ") in exchange for shares of Mativ common stock, at a rate of 1.358 shares of Mativ common stock for each share of Neenah common stock. The closing price of Mativ common stock on the New York Stock Exchange on July 6, 2022, the effective date of the merger (the "Effective Date"), was $22.41.

Footnote F2

Pursuant to the Merger Agreement, on the Effective Date, these Neenah stock options automatically converted into Mativ stock options to purchase a number of shares of Mativ common stock (rounded down to the nearest whole share) equal to the product of the number of shares of Neenah common stock subject to such stock options immediately prior to the Effective Time and 1.358; provided, however, that the exercise price and the number of shares of Mativ common stock will be determined in a manner consistent with the requirements of Section 409A of the Code.

Footnote F3

The Stock Options are fully vested.