Larry O Spencer - 19 Nov 2024 Form 4 Insider Report for HAYNES INTERNATIONAL INC

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 19 Nov 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 21 Nov 2024, 17:04:20 UTC
Prior SEC filing: 17 Apr 2024
Source filing: View source filing
Reporting owner signature: /s/ Daniel W. Maudlin, attorney-in-fact for Larry O. Spencer

Key filing fact

Larry O Spencer filed Form 4 for HAYNES INTERNATIONAL INC on 21 Nov 2024.

Key facts

This page summarizes Larry O Spencer's Form 4 filing for HAYNES INTERNATIONAL INC.
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 21 Nov 2024, 17:04.

Change

Previous filing in this sequence was filed on 17 Apr 2024.
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.

HAYN transaction

Common Stock

Award

Transaction value: $0
Shares: +1,969
Change %: +14%
Price: $0.000000
Shares after: 16,402
Date: 19 Nov 2024
Ownership: Direct
Footnotes: F1

HAYN transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -16,402
Change %: -100%
Price
Shares after: 0
Date: 21 Nov 2024
Ownership: Direct
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

Larry O Spencer 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

Represents restricted grant subject to vesting and forfeiture.

Footnote 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.

Footnote F3

All of the reported shares are 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.