SEC Form 4 · accession 0001225208-16-034372
Univar Inc. · UNVR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen D Newlin
Officer — President & CEO · Director
Period of report
May 31, 2016
Accepted (ET)
Jun 1, 2016 · 4:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001494319
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (RSUs)F1,F2,F3 | — | May 31, 2016 | A | 125,000 | A | — | — | Common Stock | 125,000 | 125,000 | D |
| Restricted Stock Units (RSUs)F1,F2,F4 | — | May 31, 2016 | A | 125,000 | A | — | — | Common Stock | 125,000 | 250,000 | D |
| Restricted Stock Units (RSUs)F1,F2,F5 | — | May 31, 2016 | A | 125,000 | A | — | — | Common Stock | 125,000 | 375,000 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") is equivalent to one share of common stock upon vesting.
- F2One-twelfth (1/12) of these RSUs shall become vested and convert into shares of Issuer's common stock on each of the last days of each of the twelve (12) months after the grant date, subject to the Reporting Person's continued employment with the Issuer through each such date ("Time-Based Vesting Condition").
- F3Not applicable
- F4These RSUs are subject to two vesting conditions: First, the Time-Based Vesting Condition. Second, to the extent the Time-Based Vesting Condition is satisfied, these RSUs will vest if the closing price of Issuer's common stock during any twenty (20) consecutive trading days between the grant date and the third year anniversary of the grant date equals or exceeds $25.
- F5These RSUs are subject to two vesting conditions: First, the Time-Based Vesting Condition. Second, to the extent the Time-Based Vesting Condition is satisfied, these RSUs will vest if the closing price of Issuer's common stock during any twenty (20) consecutive trading days between the grant date and the fourth year anniversary of the grant date equals or exceeds $30.