SEC Form 4 · accession 0001171843-15-002001
Element Solutions Inc · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel H Leever
Officer — CEO · Director
Period of report
Apr 16, 2015
Accepted (ET)
Apr 16, 2015 · 4:04 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 share | Apr 16, 2015 | C | 400,000 | $0.00 | A | 400,000 | D | |
| Common Stock, par value $0.01 per share | holding | — | — | — | 878,762 | I | 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible Shares of Platform Delaware Holdings, Inc.F1,F2 | — | Apr 16, 2015 | C | 400,000 | D | — | — | Common Stock | 400,000 | 5,624,627 | I |
Explanation of responses
- F1On April 16, 2015, 400,000 shares of common stock of the Issuer were issued to the Reporting Person upon conversion of 400,000 shares of common stock of Platform Delaware Holdings, Inc., a direct subsidiary of the Issuer ("PDH"), held by Tartan Holdings, LLC ("Tartan"). Shares of PDH common stock are convertible, at the option of the holder, into a like number of shares of common stock of the Issuer since October 31, 2014.
- F2Represents shares of PDH common stock. Mr. Leever is the sole manager of Tartan and, as of April 16, 2015, after giving effect to the conversion described in footnote (1) above, owns with related persons approximately 80.59% of Tartan.