SEC Form 4 · accession 0001171843-15-002534
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
May 4, 2015
Accepted (ET)
May 6, 2015 · 8:27 am 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,F2 | May 5, 2015 | S | 169,620 | $27.08 | D | 30,380 | D | |
| Common Stock, par value $0.01 per shareF1,F2 | May 4, 2015 | S | 200,000 | $27.11 | D | 200,000 | 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.F3 | — | holding | — | — | — | — | — | Common Stock | 5,624,627 | 5,624,627 | I |
Explanation of responses
- F1These securities were sold pursuant to a stock trading plan previously adopted by Mr. Leever in accordance with the guidelines specified by the Securities and Exchange Commission's Rule 10b5-1 under the Securities Act of 1934, as amended.
- F2The price was determined by using volume weighted average price per share of the shares sold.
- F3Represents shares of common stock of Platform Delaware Holdings, Inc., a direct subsidiary of the Issuer ("PDH"), held by Mr. Leever and related persons through Tartan Holdings, LLC. 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.