SEC Form 4 · accession 0001590714-16-000105
Element Solutions Inc · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
E Stanley Oneal
Director
Period of report
Mar 17, 2016
Accepted (ET)
Mar 21, 2016 · 4:11 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 | 276,519 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | 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.
- F2Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F3These 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.