SEC Form 4 · accession 0001171843-15-001832
Element Solutions Inc · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wayne M. Hewett
Officer — President · Director
Period of report
Apr 2, 2015
Accepted (ET)
Apr 6, 2015 · 4:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001590714
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 UnitsF1,F2 | — | Apr 2, 2015 | A | 213,402 | A | — | — | Common Stock | 213,402 | 213,402 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F2The RSUs will vest on March 31, 2017, only if certain conditions are satisfied, including Mr. Hewett's continuous active employment with the Issuer. The RSUs may, in certain circumstances, become immediately vested as of the date of a change in control of the Issuer.