Sec Form 4 Filing - Sauer Josef @ Polypore International, Inc. - 2015-08-26

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
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1. Name and Address of Reporting Person
Sauer Josef
2. Issuer Name and Ticker or Trading Symbol
Polypore International, Inc. [ PPO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President-Separations Media
(Last) (First) (Middle)
C/O POLYPORE INTERNATIONAL, INC., 11430 N. COMMUNITY HOUSE ROAD, SUITE 350
3. Date of Earliest Transaction (MM/DD/YY)
08/26/2015
(Street)
CHARLOTTE, NC28277
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $.01 per share 08/26/2015 D( 1 ) 14,267 D $ 60.5 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options $ 34.98 08/26/2015 D 30,494 ( 2 )( 3 ) 02/27/2024 Common Stock 30,494 $ 25.52 0 D
Employee Stock Options $ 36.42 08/26/2015 D 32,541 ( 2 )( 3 ) 02/25/2023 Common Stock 32,541 $ 24.08 0 D
Employee Stock Options $ 56.98 08/26/2015 D 160,000 ( 2 )( 3 ) 08/23/2021 Common Stock 160,000 $ 3.52 0 D
Employee Stock Options $ 9.94 08/26/2015 D 62,640 ( 2 )( 3 ) 05/29/2019 Common Stock 62,640 $ 50.56 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sauer Josef
C/O POLYPORE INTERNATIONAL, INC.
11430 N. COMMUNITY HOUSE ROAD, SUITE 350
CHARLOTTE, NC28277
President-Separations Media
Signatures
By: /s/Josef Sauer 08/26/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reflects disposition of shares in exchange for cash price indicated pursuant to the Agreement and Plan of Merger by and among Asahi Kasei Corporation, ESM Holdings Corporation and Polypore International, Inc. dated February 23, 2015.
( 2 )Option was canceled in the merger between Polypore International, Inc. and ESM Holdings Corporation. in exchange for a cash payment of $60.50 minus exercise price.
( 3 )The options vest in three equal annual installments beginning on the date that is one year after they were issued.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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