SEC Form 4 · accession 0001590714-18-000146
Element Solutions Inc · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rakesh Sachdev
Officer — Chief Executive Officer · Director
Period of report
Dec 28, 2018
Accepted (ET)
Dec 31, 2018 · 4:14 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 shareF1,F2 | Dec 28, 2018 | M | 500,000 | — | A | 511,000 | D | |
| Common Stock, par value $0.01 per shareF3 | Dec 28, 2018 | F | 196,750 | $10.20 | D | 314,250 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF2 | — | Dec 28, 2018 | M | 500,000 | A | — | — | Common Stock | 500,000 | 0 | D |
Explanation of responses
- F1Represents the settlement of a prior grant of 250,000 restricted stock units ("RSUs") and 250,000 performance restricted stock units ("PRSUs") for which timing and performance conditions have been declared satisfied as of 12/28/2018.
- F2This grant was previously reported on 01/05/2016. Each RSU and PRSU represented a contingent right to receive one share of the Issuer's common stock.
- F3This 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 and PRSUs described in footnote 1 above.