SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Beckler Robert K

(Last) (First) (Middle)
504 THRASHER STREET

(Street)
NORCROSS GA 30071

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WestRock Co [ WRK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President Packaging Solutions
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2015
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 07/01/2015 A 20,210 A (1)(2)(3) 20,210 D
Common Stock 07/01/2015 A 1,464 A (1)(2)(3) 1,464 I In Employee Savings Plan
Common Stock 07/01/2015 A 511.8436 A (1)(2)(3) 511.8436(12) I In Deferred Income Plan
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Non-Qualified Stock Option $70.21 07/01/2015 A 6,473 (5) 02/23/2025 Common Stock 6,473 (4) 6,473 D
Non-Qualified Stock Option $46.02 07/01/2015 A 30,911 (6) 02/24/2024 Common Stock 30,911 (4) 30,911 D
Non-Qualified Stock Option $43.04 07/01/2015 A 13,357 (7) 02/25/2023 Common Stock 13,357 (4) 13,357 D
Non-Qualified Stock Option $35.04 07/01/2015 A 18,886 (8) 06/25/2022 Common Stock 18,886 (4) 18,886 D
Non-Qualified Stock Option $32.62 07/01/2015 A 14,901 (8) 02/28/2021 Common Stock 14,901 (4) 14,901 D
Non-Qualified Stock Option $26.48 07/01/2015 A 17,881 (8) 02/22/2020 Common Stock 17,881 (4) 17,881 D
Non-Qualified Stock Option $10.09 07/01/2015 A 23,900 (8) 02/23/2019 Common Stock 23,900 (4) 23,900 D
Non-Qualified Stock Option $30.22 07/01/2015 A 8,651 (8) 02/25/2018 Common Stock 8,651 (4) 8,651 D
Non-Qualified Stock Option $35.68 07/01/2015 A 6,473 (8) 02/26/2017 Common Stock 6,473 (4) 6,473 D
Service-Based Restricted Stock Units $0 07/01/2015 A 3,079 (9) (9) Common Stock 3,079 $0 3,079 D
Service-Based Restricted Stock $0 07/01/2015 A 20,317 (10) (10) Common Stock 20,317 $0 20,317 D
Service-Based Restricted Stock Units $0 07/01/2015 A 9,323 (11) (11) Common Stock 9,323 $0 9,323 D
Explanation of Responses:
1. "On July 1, 2015, WestRock Company ("WestRock", formerly Rome-Milan Holdings, Inc.), Rock-Tenn Company ("RockTenn") and MeadWestvaco Corporation ("MWV") consummated a business combination transaction (the "Combination"), as a result of which RockTenn and MWV each became a direct wholly owned subsidiary of WestRock. Pursuant to the terms of the Second Amended and Restated Business Combination Agreement, dated as of April 17, 2015 and amended as of May 5, 2015, by and among WestRock, RockTenn, MWV, Rome Merger Sub, Inc. and Milan Merger Sub, LLC, (i) each share of RockTenn Class A common stock issued and outstanding immediately prior to the effective time of the Combination was cancelled and converted into the right to receive, at the election of the RockTenn shareholder (but subject to certain proration procedures),
2. either (A) one share of WestRock common stock or (B) cash in an amount equal to the volume weighted average price per share of RockTenn common stock on the New York Stock Exchange for the consecutive period over the five trading days immediately preceding (but not including) the third trading day prior to the effective time of the Combination, and (ii) each share of MWV common stock issued and outstanding immediately prior to the effective time of the Combination was cancelled and converted into the right to receive 0.78 shares of WestRock common stock (the "MWV Exchange Ratio").
3. Equity-based awards granted pursuant to RockTenn plans and MWV plans that were outstanding immediately prior to the effective time of the Combination were converted into corresponding awards in respect of WestRock common stock at the effective time of the Combination, subject to the same terms and conditions (including applicable vesting requirements) as were applicable to such awards prior to the consummation of the Combination; provided, that equity-based awards granted pursuant to MWV plans were adjusted to reflect the MWV Exchange Ratio."
4. In accordance with the terms of the BCA, each MeadWestvaco stock option outstanding and unexercised immediately prior to the effective time of the Merger was converted automatically into an option to purchase a number of shares of WestRock common stock, rounded down to the nearest whole share, equal to the product determined by multiplying the number of shares of MWV common stock subject to such MWV options immediately prior to the clsoing of the Merger by 0.78%, at a per-share exercise pice, rounded up to the nearest whole cent, equal to the quotient determined by dividing the per-share exercise price of the MWV option by 0.78.
5. The underlying MWV option was unvested at the time of the Merger, and the converted option to puchase WestRock common stock has vested in accordance with its terms immediately following the merger.
6. One-third of the underlying MWV option was vested at the time of the Merger. Immediately following the Merger, the unvested portion of the converted option to purchase WestRock common stock has vested in accordance with its terms.
7. Two-thirds of the underlying MWV option was vested at the time of the merger. Immediately following the Merger, the unvested portion of the converted option has vested in acccordance with its terms.
8. These options are fully exercisable.
9. At the time of the Merger, the performance conditions with respect to MWV performance-based restricted stock units ("MWV PSUs") were deemed to be earned based on actual performance from January 1, 2015 through the time of the Merger, and the MWV PSUs (and related converted awards as described below, as so earned, have vested immediately following the merger in accordance with their terms subject to defered distribution under 409(A).
10. The performance conditions with respect to MWV PSUs were deemed to be earned based on target performance at the time of the Merger, and the MWV PSUs (and related converted awards as described below), as so earned, have vested immediately following the merger in accordance with their terms subject to defered distribution under 409(A).
11. The performance conditions with respect to MWV PSUs were deemed to be earned based on target performance at the time of the Merger, and the MWV PSUs (and related converted awards as described below), as so earned, have vested immediately following the merger in accordance with their terms subject to defered distribution under 409(A).
12. Share amount indicated represents an estimation of the reporting person's interest in the MeadWestvaco Deferred Income Plan. This plan holds no actual shares but the accrual of benefits mirrors the MeadWestvaco Savings Plan for Salaried Employees.
Remarks:
Robert B. McIntosh (Attorney-in-fact pursuant to power of attorney previously filed with the SEC) 07/06/2015
** Signature of Reporting Person Date
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