SEC Form 4 · accession 0001590714-16-000104
Element Solutions Inc · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael F Goss
Director
Period of report
Mar 17, 2016
Accepted (ET)
Mar 21, 2016 · 4:10 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 shareF1 | Mar 17, 2016 | M | 3,821 | — | A | 103,680 | D | |
| Common Stock, par value $0.01 per shareF2 | holding | — | — | — | 95,238 | I | By trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Mar 17, 2016 | A | 12,570 | A | — | — | Common Stock | 12,570 | 12,570 | D |
Explanation of responses
- F1This transaction represents the settlement of previously-reported 3,821 restricted stock units ("RSUs") on the transaction date. Each RSU, which represented a contingent right to receive one share of the Issuer's common stock, vested on March 17, 2016.
- F2The securities are held by The Michael F Goss 2012 GST Non-Exempt Irrevocable Family Trust, Michael F Goss & R Bradford Malt Trustees U/Inst Dtd 9/27/2012 (the "Trust"). Mr. Goss is a trustee of the Trust and may be considered to have beneficial ownership of the Trust's interests in the Issuer. Mr. Goss disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
- F3Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F4These RSUs will vest on March 17, 2017, provided that the Reporting Person continues to serve as a director of the Issuer through and on such vesting date. The RSUs may, in certain circumstances, become immediately vested as of the date of a change in control of the Issuer.