SEC Form 4 · accession 0001104659-16-158410
Nexeo Solutions, Inc. · NXEO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alberto J. Machado
Officer — See Remarks
Period of report
Nov 17, 2016
Accepted (ET)
Nov 21, 2016 · 6:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001604416
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Payment RightF1,F2 | — | Nov 17, 2016 | J | 26,341 | D | — | Jun 30, 2021 | Common Stock | 284,825 | 284,825 | I |
Explanation of responses
- F1On June 9, 2016, Nexeo Holdco, LLC, a Delaware limited liability company (the "Management Company"), received, among other things, 311,166 deferred payment rights as consideration in connection with the closing of the business combination of WL Ross Holding Corp. and Nexeo Solutions Holdings, LLC (the "Business Combination"). In connection with the execution of the Purchase Price Adjustment Confirmation Letter on November 17, 2016, the total consideration payable to the selling equityholders, including the Management Company, was adjusted downward, resulting in a decrease in the total number of deferred payment rights due to the Management Company to 284,825.
- F2The Reporting Person holds a direct membership interest in the Management Company. The Reporting Person disclaims beneficial ownership of all securities reported except to the extent of such Reporting Person's pecuniary interest therein.
Remarks
Senior Vice President, Strategic Growth