SEC Form 4 · accession 0001590714-19-000012
Element Solutions Inc · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rakesh Sachdev
Director
Period of report
Jan 31, 2019
Accepted (ET)
Feb 1, 2019 · 4:05 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 StockF1 | Jan 31, 2019 | M | 56,391 | — | A | 370,641 | D | |
| Common StockF2 | Jan 31, 2019 | F | 22,190 | $11.10 | D | 348,451 | D | |
| Common StockF3 | Jan 31, 2019 | M | 112,782 | — | A | 461,233 | D | |
| Common StockF4 | Jan 31, 2019 | F | 44,538 | $11.10 | D | 416,695 | D | |
| Common StockF5 | Jan 31, 2019 | M | 97,552 | — | A | 514,247 | D | |
| Common StockF6 | Jan 31, 2019 | F | 38,387 | $11.10 | D | 475,860 | 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,F7 | $0.00 | Jan 31, 2019 | M | 56,391 | D | — | — | Common Stock | 56,391 | 0 | D |
| Performance Stock UnitsF3,F7 | $0.00 | Jan 31, 2019 | M | 112,782 | D | — | — | Common Stock | 112,782 | 0 | D |
| Restricted Stock UnitsF5,F7 | $0.00 | Jan 31, 2019 | M | 97,552 | D | — | — | Common Stock | 97,552 | 0 | D |
Explanation of responses
- F1In connection with the Reporting Person's retirement as the Issuer's Chief Executive Officer, the vesting of 56,391 restricted stock units ("RSUs") previously reported on 2/23/2017 was accelerated to 1/31/2019. 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.
- F3In connection with the Reporting Person's retirement as the Issuer's Chief Executive Officer, the vesting of 112,782 performance restricted stock units ("PRSUs") previously reported on 2/23/2017 was accelerated to 1/31/2019. Each PRSU represented a contingent right to receive one share of the Issuer's common stock.
- F4This 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 PRSUs described in footnote 3 above.
- F5In connection with the Reporting Person's retirement as the Issuer's Chief Executive Officer, the vesting of 97,552 RSUs previously reported on 2/21/2018 was accelerated to 1/31/2019. Each RSU represented a contingent right to receive one share of the Issuer's common stock.
- F6This 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 5 above.
- F7These grants were previously reported on 2/23/2017 and 2/21/2018. Each RSU and PRSU, as applicable, represented a contingent right to receive one share of the Issuer's common stock.