SEC Form 4 · accession 0001209191-15-059529
Axalta Coating Systems Ltd. · AXTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Orlando Antonio Bustos
Director
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 4:31 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 SharesF1 | Jul 1, 2015 | M | 20,000 | $5.92 | A | 20,000 | I | See Footnote |
| Common SharesF3,F1 | Jul 1, 2015 | S | 20,000 | $32.87 | D | 0 | I | See Footnote |
| Common SharesF1 | Jul 2, 2015 | M | 15,214 | $5.92 | A | 15,214 | I | See Footnote |
| Common SharesF1 | Jul 2, 2015 | M | 4,786 | $7.21 | A | 20,000 | I | See Footnote |
| Common SharesF4,F1 | Jul 2, 2015 | S | 20,000 | $32.51 | D | 0 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF1,F5 | $5.92 | Jul 1, 2015 | M | 20,000 | D | — | Jul 30, 2023 | Common Shares | 20,000 | 68,035 | I |
| Employee Stock OptionF1,F5 | $5.92 | Jul 2, 2015 | M | 15,214 | D | — | Jul 30, 2023 | Common Shares | 15,214 | 52,821 | I |
| Employee Stock OptionF1,F6 | $7.21 | Jul 2, 2015 | M | 4,786 | D | — | May 5, 2024 | Common Shares | 4,786 | 8,977 | I |
Explanation of responses
- F1By OHorizons Global, of which the reporting person is Chairman and Chief Executive Officer
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan duly adopted by the reporting person.
- F3The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $32.64 to $ 33.54. 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 $32.32 to $ 32.72. 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 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.
- F6This option vested in five equal annual installments beginning on May 5, 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.