SEC Form 4 · accession 0001590714-18-000123
Element Solutions Inc · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scot Benson
Officer — President - Perf. Solutions
Period of report
Nov 12, 2018
Accepted (ET)
Nov 14, 2018 · 4:54 pm EST
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 share | Nov 12, 2018 | M | 20,425 | $7.95 | A | 105,881 | D | |
| Common Stock, par value $0.01 per shareF1 | Nov 12, 2018 | F | 16,071 | $11.03 | D | 89,810 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $7.95 | Nov 12, 2018 | M | 20,425 | D | — | Mar 17, 2026 | Common Stock, par value $0.01 per share | 20,425 | 10,212 | D |
Explanation of responses
- F1Represents a net exercise of outstanding stock options. The reporting person received 4,354 shares of the Issuer's common stock on net exercise to purchase 20,425 shares. 16,071 shares were delivered to cover payment of the exercise price and tax withholdings.
- F2These options vested and became exercisable in annual 1/3 increments on March 16 of each year following the grant date of March 16, 2016. 1/3 of the option grant remains outstanding.