SEC Form 4 · accession 0001104659-18-071738
Nexeo Solutions, Inc. · NXEO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kristina A. Smith
Officer — See Remarks
Period of report
Nov 2, 2018
Accepted (ET)
Dec 6, 2018 · 5:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001604416
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 2, 2018 | F | 649 | $0.00 | D | 21,929 | D | |
| Common StockF2,F3 | holding | — | — | — | 1,791,182 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with the vesting of shares of restricted stock, the Reporting Person forfeited shares to satisfy its tax withholding obligations. The number of shares withheld was determined based on the closing price per share on November 2, 2018.
- F2Includes 268,433 shares of common stock subject to forfeiture on June 9, 2026 unless certain targets tied to the trading price of the Issuer's common stock are satisfied or the Issuer completes a liquidation, merger, stock exchange or similar transaction.
- F3On June 9, 2016, Nexeo Holdco, LLC, a Delaware limited liability company (the "Management Company"), received 1,791,182 shares of common stock and 311,166 deferred payment rights as consideration in connection with the business combination of WL Ross Holding Corp. and Nexeo Solutions Holdings, LLC. The 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
Vice President and Chief Accounting Officer