SEC Form 4 · accession 0001590714-17-000057
Element Solutions Inc · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P. Connolly
Officer — Chief Financial Officer
Period of report
Mar 16, 2017
Accepted (ET)
Mar 17, 2017 · 5:08 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 16, 2017 | A | 7,713 | A | — | — | Common Stock | 7,713 | 7,713 | D |
| Restricted Stock UnitsF2 | — | Mar 16, 2017 | A | 3,799 | A | — | — | Common Stock | 3,799 | 3,799 | 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 March 16, 2017 to February 20, 2020. The number of shares reported in column 7 may range from zero to a maximum number of 19,283 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.