UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| ||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Option Right to Buy | Â (2) | Â (2) | Common Stock | 6,000 | $ 47.49 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SHARPE RAYMOND P 26221 N. 114TH STREET26221 N. 114TH STRE SCOTTSDALE, AZ 85255 |
 X |  |  |  |
Roy Smith on behalf of Raymond P. Sharpe | 04/21/2005 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Award of restricted stock (i.e. shares of Common Stock, restrictions on which lapse upon the stock becoming non-forfeitable) granted April 21, 2005 on a formula basis under Cytec's stockholder-approved 1993 Stock Award and Incentive Plan ("the Plan"). The award becomes non-forfeitable as to twenty percent of the Common Stock covered by the award on each of the first five anniversaries of the grant of the award, or immediately upon a Change-in-Control (as defined in the Plan.) If the Officer's service terminates prior to any part of the award under the Plan becoming non-forfeitable (except in certain circumstances as set forth in the Plan), any forfeitable portion of the award reverts back to Cytec. |
(2) | Formula grant made April 21, 2005 under the Plan of options to purchase Common Stock, exercisable in 2,000-share increments on each of the first three anniversaries of the granting of the option (or earlier in the event of a Change-in-Control as defined in the Plan). Options generally expire on the earlier of (i) ten years from the granting of such option or (ii)one year (five years if the director has served for five years or more) from the date of the Director's cessation of membership on Cytec's Board of Directors. |