| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CARAUSTAR INDUSTRIES INC [ CSAR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/20/2009 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | 08/20/2009 | S | 42,282 | D | $0.1(6) | 0 | D | |||
| Common Stock | 08/20/2009 | S | 13,745 | D | $0.1(9) | 0 | I | 401 (K) Plan | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | ||||||||
| 2004 NQSO's | $17.05 | 08/20/2009 | E | 5,000 | 08/08/1988(1) | 12/01/2014 | Common Stock | 5,000 | $0 | 0 | D | ||||
| 1998 ISO's Traditional | $34 | 08/20/2009 | E | 1,456 | 04/20/2003 | 04/20/2008 | Common Stock | 1,456 | $0 | 0 | D | ||||
| 1998 ISO's Performance | $40.8 | 08/20/2009 | E | 1,054 | 04/20/2003 | 04/20/2008 | Common Stock | 1,054 | $0 | 0 | D | ||||
| 1999 ISO's Traditional | $25.75 | 08/20/2009 | E | 4,159 | 02/04/2004 | 02/04/2009 | Common Stock | 4,159 | $0 | 0 | D | ||||
| 1999 ISO's Performance | $30.9 | 08/20/2009 | E | 2,495 | 02/04/2004 | 02/04/2009 | Common Stock | 2,495 | $0 | 0 | D | ||||
| 1999 NQSO's | $25.75 | 08/20/2009 | E | 2,376 | 02/04/1999 | 02/04/2009 | Common Stock | 2,376 | $0 | 0 | D | ||||
| 2000 ISO's | $17.94 | 08/20/2009 | E | 4,873 | 08/08/1988(2) | 02/09/2010 | Common Stock | 4,873 | $0 | 0 | D | ||||
| 2000 ISO's | $21.53 | 08/20/2009 | E | 4,777 | 08/08/1988(3) | 02/09/2010 | Common Stock | 4,777 | $0 | 0 | D | ||||
| 2001 ISO's | $10.38 | 08/20/2009 | E | 3,340 | 08/08/1988(4) | 02/07/2011 | Common Stock | 3,340 | $0 | 0 | D | ||||
| 2002 NQSO's | $7.05 | 08/20/2009 | E | 7,000 | 01/09/2004 | 02/09/2012 | Common Stock | 7,000 | $0 | 0 | D | ||||
| 2003 NQSO's | $8.17 | 08/20/2009 | E | 6,000 | 08/08/1988(5) | 08/14/2013 | Common Stock | 6,000 | $0 | 0 | D | ||||
| 2005 NQSO's | $10.59 | 08/20/2009 | E | 7,000 | (7) | 03/02/2016 | Common Stock | 7,000 | $0 | 0 | D | ||||
| 2007 NQSO's | $4.03 | 08/20/2009 | E | 30,200 | (8) | 09/07/2017 | Common Stock | 30,200 | $0 | 0 | D | ||||
| Explanation of Responses: |
| 1. 5,000 options vested. |
| 2. 4,873 options vested. |
| 3. 4,777 options vested. |
| 4. 3,340 options vested. |
| 5. 6,000 options vested. |
| 6. Restricted shares issued pursuant to the Long Term Equity Incentive Plan. |
| 7. 1,750 options vested; 1,750 options vesting each year March 2, 2008 through March 2, 2010. |
| 8. 15,100 options vesting each year September 7, 2009 through September 7, 2010. |
| 9. Consideration received in connection with the cancellation of shares pursuant to the company's joint plan of reorganization. |
| /s/ Torch Williams, as attorney in fact | 08/24/2009 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| 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 Number. | ||