SEC Form 4 · accession 0001209191-15-042320
Axalta Coating Systems Ltd. · AXTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph F. McDougall
Officer — SVP&Chief Human Resources Off.
Period of report
May 11, 2015
Accepted (ET)
May 13, 2015 · 4:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001616862
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | May 11, 2015 | M | 41,729 | $5.92 | A | 79,754 | D | |
| Common SharesF2 | May 11, 2015 | S | 56,503 | $31.99 | D | 23,251 | D | |
| Common SharesF3 | May 11, 2015 | S | 23,251 | $32.43 | D | 0 | D | |
| Common Shares | May 12, 2015 | M | 12,829 | $5.92 | A | 12,829 | D | |
| Common Shares | May 12, 2015 | M | 76,380 | $8.88 | A | 89,209 | D | |
| Common SharesF4 | May 12, 2015 | S | 89,209 | $32.55 | D | 0 | D | |
| Common SharesF5 | May 12, 2015 | A | 61,538 | $0.00 | A | 73,076 | D | |
| Common SharesF6 | May 12, 2015 | A | 11,538 | $0.00 | A | 11,538 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF7 | $5.92 | May 11, 2015 | M | 41,729 | D | — | Jul 30, 2023 | Common Shares | 41,729 | 94,666 | D |
| Employee Stock OptionF7 | $5.92 | May 12, 2015 | M | 12,829 | D | — | Jul 30, 2023 | Common Shares | 12,829 | 81,837 | D |
| Employee Stock OptionF7 | $8.88 | May 12, 2015 | M | 76,380 | D | — | Jul 30, 2023 | Common Shares | 76,380 | 114,571 | D |
| Employee Stock OptionF8 | $32.50 | May 12, 2015 | A | 44,818 | D | — | May 11, 2025 | Common Shares | 44,818 | 44,818 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan duly adopted by the reporting person.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $31.19 to $ 32.18. The reporting person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $32.19 to $ 32.75. The reporting person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $32.13 to $ 33.03. The reporting person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5This restricted stock grant vests in two equal annual installments beginning on the second anniversary of the grant date.
- F6This restricted stock grant vests in three equal annual installments beginning on the first anniversary of the grant date.
- F7This option vested in five equal annual installments beginning on January 1, 2014. On April 8, 2015, this option vested in full in accordance with the terms of the Axalta Coating Systems Bermuda Co., Ltd. 2013 Equity Incentive Plan.
- F8This option vests in three equal annual installments beginning on the first anniversary of the grant date.