SEC Form 4 · accession 0001171843-16-008817
Element Solutions Inc · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sanjiv Khattri
Officer — Chief Financial Officer
Period of report
Mar 25, 2016
Accepted (ET)
Mar 25, 2016 · 5:03 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF1 | — | Mar 25, 2016 | A | 47,170 | A | — | — | Common Stock | 47,170 | 47,170 | D |
| Restricted Stock UnitsF2 | — | Mar 25, 2016 | A | 23,585 | A | — | — | Common Stock | 23,585 | 23,585 | D |
| Stock Option (Right to Buy)F3 | $7.95 | Mar 25, 2016 | A | 45,956 | A | — | — | Common Stock | 45,956 | 45,956 | D |
Explanation of responses
- F1Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock and will vest upon the achievements of certain performance levels based on (i) return on invested capital, as measured from January 1, 2016 to December 31, 2018, and (ii) annual compound total shareholder return, as measured from March 16, 2016 to March 15, 2019. The number of shares reported in column 7 may range from zero to a maximum number of 117,925 shares.
- F2Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock and will vest on March 15, 2019, subject to continuous service.
- F31/3 of the option shares will vest annually on March 16 over the next three years, subject to continuous service as of each such date.