SEC Form 4 · accession 0000899243-19-006277
AMERICOLD REALTY TRUST · COLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey M Gault
Director
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 7:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001455863
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares of Beneficial Interest | Mar 1, 2019 | M | 166,958 | $9.81 | A | 301,248 | D | |
| Common Shares of Beneficial InterestF2 | Mar 1, 2019 | S | 166,958 | $28.6789 | D | 134,290 | D | |
| Common Shares of Beneficial InterestF5 | Mar 5, 2019 | M | 100,000 | — | A | 234,290 | D | |
| Common Shares of Beneficial InterestF7 | Mar 5, 2019 | S | 134,290 | $29.5129 | D | 100,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3,F4 | $9.81 | Mar 1, 2019 | M | 166,958 | D | — | Feb 1, 2022 | Common Shares of Beneficial Interest | 166,958 | 333,915 | D |
| Restricted Stock UnitsF5,F6 | — | Mar 5, 2019 | M | 200,000 | D | — | — | Common Shares of Beneficial Interest | 100,000 | 0 | D |
Explanation of responses
- F1The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 13, 2018.
- F2The price reported in Column 4 is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $28.4000 to $28.9250, inclusive. The reporting person undertakes to provide to Americold Realty Trust (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of common shares sold at each separate price within the range set forth above.
- F3On March 1, 2019, Mr. Gault made an exercise of 166,958 stock options and sold 166,958 common shares.
- F4Options to acquire common shares vested 20% each on February 1, 2013, 2014, 2015, 2016 and 2017.
- F5Each restricted stock unit ("RSU") represents the right to acquire one share of the Company.
- F6On March 5, 2019, in connection with Mr. Gault's resignation from the Board of Trustees of the Company, 100,000 of Mr. Gault's RSUs vested immediately and the remaining 100,000 were cancelled.
- F7The price reported in Column 4 is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $29.4100 to $29.6000, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of common shares sold at each separate price within the range set forth above.