SEC Form 4 · accession 0001590714-17-000062
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 31, 2017
Accepted (ET)
Mar 31, 2017 · 5:35 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 31, 2017 | M | 17,900 | — | A | 17,900 | D | |
| Common Stock, par value $0.01 per shareF2 | Mar 31, 2017 | F | 6,618 | $13.02 | D | 11,282 | 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 UnitsF1,F3 | $0.00 | Mar 31, 2017 | M | 17,900 | D | — | — | Common Stock | 17,900 | 5,966 | D |
Explanation of responses
- F1This transaction represents the settlement of 17,900 restricted stock units ("RSUs") previously reported on 09/13/2016 which vested on 03/31/2017. Each RSU represented a contingent right to receive one share of the Issuer's common stock.
- F2This number represents shares of the Issuer's common stock withheld by the Issuer to satisfy the tax withholding obligations due upon the vesting of the RSUs described in footnote 1 above.
- F3This RSU grant was previously reported on 09/13/2016. The remaining 5,966 RSUs will vest on 03/31/2018, subject to continuous service. Each RSU represent a contingent right to receive one share of the Issuer's common stock.