SEC Form 4 · accession 0001171843-15-001562
Element Solutions Inc · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian G H Ashken
Director
Period of report
Mar 20, 2015
Accepted (ET)
Mar 20, 2015 · 5:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001590714
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1 | Mar 20, 2015 | J | 121,555 | $0.00 | A | 121,555 | I | By Tasburgh LLC |
| Common Stock, par value $0.01 per share | holding | — | — | — | 1,182,937 | I | By Mariposa Acquisition, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred Stock, par value $0.01 per shareF2 | — | holding | — | — | — | — | — | Common Stock | 119,992 | 119,992 | I |
Explanation of responses
- F1Pro rata distribution from Mariposa Acquisition, LLC, of which the reporting person is a non-managing member. In prior reports, the reporting person reported an indirect pecuniary interest in such shares.
- F2Each share of Series A Preferred Stock is convertible at any time at the election of the holder, on a one-for-one basis, into shares of the Issuer's common stock for no additional consideration. The Series A Preferred Stock shall automatically convert into the Issuer's common stock upon the earlier to occur of (i) a change of control of the Issuer or (ii) December 31, 2020 (unless extended in accordance with the terms of the Series A Preferred Stock).