SEC Form 4 · accession 0001590714-17-000027
Element Solutions Inc · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Edward Capps
Officer — EVP, General Counsel & Sec.
Period of report
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 8:07 pm EST
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 | — | Feb 21, 2017 | A | 19,736 | A | — | — | Common Stock | 19,736 | 19,736 | D |
| Restricted Stock UnitsF2 | — | Feb 21, 2017 | A | 9,869 | A | — | — | Common Stock | 9,869 | 9,869 | D |
| Stock Option (Right to Buy)F3 | $13.30 | Feb 21, 2017 | A | 21,695 | A | — | — | Common Stock | 21,695 | 21,695 | 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 the Issuer's (i) return on invested capital, as measured from January 1, 2017 to December 31, 2019, and (ii) annual compound total shareholder return, as measured from February 21, 2017 to February 20, 2020. The number of shares reported in column 7 may range from zero to a maximum number of 49,340 shares.
- F2Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock and will vest on February 20, 2020, subject to continuous service.
- F31/3 of the option shares will vest annually on February 21 over the next three years, subject to continuous service as of each such date.