SEC Form 4 · accession 0001179110-19-001142
AquaVenture Holdings Ltd · WAAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee S Muller
Officer — Chief Financial Officer
Period of report
Jan 31, 2019
Accepted (ET)
Feb 1, 2019 · 4:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001422841
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Jan 31, 2019 | M | 4,994 | $0.00 | A | 18,553 | D | |
| Ordinary Shares | Jan 31, 2019 | F | 1,481 | $21.03 | D | 17,072 | D | |
| Ordinary SharesF2 | holding | — | — | — | 70,000 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF3,F4 | — | Jan 31, 2019 | M | 4,994 | D | — | — | Ordinary Shares | 4,994 | 14,982 | D |
| Restricted Share UnitsF3,F5 | — | Jan 31, 2019 | A | 15,010 | A | — | — | Ordinary Shares | 15,010 | 15,010 | D |
Explanation of responses
- F1Ordinary Shares were withheld to cover the minimum income tax withholding requirements associated with the vesting of Restricted Share Units based on the closing stock price as of January 31, 2019.
- F2The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.
- F3Each Restricted Share Unit represents a contingent right to receive one Ordinary Share of the Company.
- F4The Restricted Share Units were issued pursuant to the Company's 2016 Share Option and Incentive Plan. One quarter of the Restricted Share Units shall vest on January 31, 2019, and the remaining 75% of such shares shall vest in equal quarterly installments over the following three (3) years.
- F5The Restricted Share Units were issued pursuant to the Company's 2016 Share Option and Incentive Plan. 25% of the Restricted Share Units shall vest on January 31, 2020, and the remaining 75% of such shares shall vest in equal quarterly installments over the following three (3) years.