SEC Form 4 · accession 0001590714-16-000238
Element Solutions Inc · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin E Franklin
Director
Period of report
Sep 16, 2016
Accepted (ET)
Sep 19, 2016 · 6:33 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 | Sep 16, 2016 | P | 1,050,000 | $8.25 | A | 2,437,449 | I | By Martin E. Franklin Revocable Trust |
| Common Stock, par value $0.01 per share | holding | — | — | — | 10,449,987 | I | By Mariposa Acquisition, LLC | |
| Common Stock, par value $0.01 per share | holding | — | — | — | 243,110 | I | By RSMA, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred Stock, par value $0.01 per shareF2 | — | holding | — | — | — | — | — | Common Stock | 1,060,000 | 1,060,000 | I |
Explanation of responses
- F1These shares were purchased by the reporting person in connection with an underwritten public offering of the Issuer. The reported sale price reflects the price at which the reporting person purchased the shares from the underwriters.
- F2Each share of Series A Preferred Stock is convertible at any time at the election of the holder, on a one-for-one basis, into shares of the Issuer's common stock for no additional consideration. The Series A Preferred Stock shall automatically convert into the Issuer's common stock upon the earlier to occur of (i) a change of control of the Issuer or (ii) December 31, 2020 (unless extended in accordance with the terms of the Series A Preferred Stock).