Sec Form 4 Filing - ORR JOHN C @ MYERS INDUSTRIES INC - 2015-12-31

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
ORR JOHN C
2. Issuer Name and Ticker or Trading Symbol
MYERS INDUSTRIES INC [ MYE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
Former Officer and Director
(Last) (First) (Middle)
1293 SOUTH MAIN STREET
3. Date of Earliest Transaction (MM/DD/YY)
12/31/2015
(Street)
AKRON, OH44301
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 12/31/2015 M 15,433 ( 1 ) A $ 0 42,599 D
Common Stock 12/31/2015 F 7,810 ( 2 ) D $ 0 34,789 D
Common Stock 12/31/2015 M 11,234 ( 3 ) A $ 0 46,023 D
Common Stock 12/31/2015 F 5,685 ( 2 ) D $ 0 40,338 D
Common Stock 12/31/2015 M 10,733 ( 5 ) A $ 0 51,071 D
Common Stock 12/31/2015 F 5,570 ( 2 ) D $ 0 45,501 D
Common Stock 59,837 I By Spousal Trust
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
Restricted Stock Unit ( 7 ) 12/31/2015 M 15,433 ( 1 ) ( 7 ) ( 7 ) Common Stock 15,433 $ 0 0 D
Restricted Stock Unit ( 7 ) 12/31/2015 M 11,234 ( 3 ) ( 7 ) ( 7 ) Common Stock 22,467 $ 0 11,233 ( 4 ) D
Restricted Stock Unit ( 7 ) 12/31/2015 M 10,733 ( 5 ) ( 7 ) ( 7 ) Common Stock 32,200 $ 0 21,467 ( 6 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ORR JOHN C
1293 SOUTH MAIN STREET
AKRON, OH44301
Former Officer and Director
Signatures
/s/ Megan L. Mehalko pursuant to POA dated 10/25/06 and filed 4/25/08 01/05/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On March 1, 2013, the Company granted 46,300 Restricted Stock Units, with one-third of the Restricted Stock Units to vest on each of March 1, 2014, 2015, and 2016. Mr. Orr retired effective December 31, 2015, causing the accelation of the vesting and the payment for the Restricted Stock Units in the form of Common Stock of the remaining 15,433 Restricted Stock Units.
( 2 )Represents a disposition of shares to the Company. Such disposition is exempt under Section 16(b) under Rule 16b-3(e).
( 3 )On March 7, 2014, the Company granted 33,700 Restricted Stock Units, with one-third of the Restricted Stock Units to vest on each of March 7, 2015, 2016, and 2017. Mr. Orr retired effective December 31, 2015, causing the accelation of the vesting, and the payment for the Restricted Stock Units in the form of Common Stock, of 11,234 of the Restricted Stock Units. The remaining 11,233 Restricted Stock Units vested, however payment in the form of Common Stock for those shares will be delayed for six months pursuant to the operation of Internal Revenue Code Section 409A.
( 4 )Of the 22,467 Restricted Stock Units from the March 7, 2014 grant that vested, payment in the form of Common Stock for 11,233 of those Restricted Stock Units will be delayed for six months pursuant to the operation of Internal Revenue Code Section 409A.
( 5 )On March 5, 2015, the Company granted 32,200 Restricted Stock Units, with one-third of the Restricted Stock Units to vest on each of March 5, 2016, 2017, and 2018. Mr. Orr retired effective December 31, 2015, causing the accelation of the vesting, and the payment for the Restricted Stock Units in the form of Common Stock, of 10,733 of the Restricted Stock Units. The remaining 21,467 Restricted Stock Units vested, however payment in the form of Common Stock for those Restricted Stock Units will be delayed for six months pursuant to the operation of Internal Revenue Code Section 409A.
( 6 )Of the 32,200 Restricted Stock Units from the March 5, 2015 grant that vested, payment in the form of Common Stock for 21,467 of those Restricted Stock Units will be delayed for six (6) months pursuant to the operation of Internal Revenue Code Section 409A.
( 7 )A Restricted Stock Unit is the grant of the right to receive an amount equal to the fair market value of a share on the date that payment is made with respect to the Restricted Stock Unit. Subject to the instances of acceleration detailed above, the Restricted Stock Units vest in three equal installments on each of the first three anniversaries of the date of the grant.

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