SEC Form 4 · accession 0001590714-18-000039
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, 2018
Accepted (ET)
Apr 2, 2018 · 5:25 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, 2018 | M | 5,966 | — | A | 17,248 | D | |
| Common Stock, par value $0.01 per shareF2 | Apr 2, 2018 | F | 2,111 | $9.31 | D | 15,137 | 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 | — | Mar 31, 2018 | M | 5,966 | D | — | — | Common Stock | 5,966 | 0 | D |
Explanation of responses
- F1This transaction represents the settlement of 5,966 restricted stock units ("RSUs") which vested on 03/31/2018, with a transaction date of 04/02/2018, the first business day following the vesting date. Each RSU represented a contingent right to receive one share of the Issuer's common stock.
- F2Represents shares of the Issuer's common stock sold solely to satisfy tax withholding obligations of the reporting person due upon the vesting of the RSUs described in footnote (1) above.
- F3The original grant received by the reporting person was 23,866 RSUs, as previously reported on 09/13/2016, of which 17,900 vested on 03/31/2017, as previously reported on 03/31/2017. This transaction relates to the vesting of the remaining 5,966 RSUs. Each RSU represented a contingent right to receive one share of the Issuer's common stock.