SEC Form 4 · accession 0001171843-15-001840
Element Solutions Inc · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin Gliklich
Officer — VP Corporate Dev, Finance & IR
Period of report
Apr 6, 2015
Accepted (ET)
Apr 6, 2015 · 4:40 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 6, 2015 | A | 9,553 | A | — | — | Common Stock | 9,553 | 9,553 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one (1) share of the Issuer's common stock.
- F2These RSUs will vest on March 17, 2018 (the "Vesting Date"), if and only if (i) as to 50% of the RSUs, the Issuer's earnings per share ("EPS") for the year ended December 31, 2017 equals or exceeds a certain EPS target, and (ii) as to 50% of the RSUs, shares of the Issuer's common stock meets a certain volume weighted average price per share for a certain measurement period ending prior to the Vesting Date, in each case subject to adjustments by the Issuer's compensation committee. The RSUs may, in certain circumstances, become immediately vested as of the date of a change in control of the Issuer.