SEC Form 4 · accession 0001209191-16-120405
Axalta Coating Systems Ltd. · AXTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean M. Lannon
Officer — VP Corp Fin & Controller, PAO
Period of report
May 12, 2016
Accepted (ET)
May 16, 2016 · 4:48 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 | May 12, 2016 | M | 1,281 | — | A | 1,281 | D | |
| Common SharesF2,F3 | May 13, 2016 | S | 439 | $27.94 | D | 842 | 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 UnitF1,F4 | — | May 12, 2016 | M | 1,281 | D | — | — | Common Shares | 1,281 | 2,565 | D |
Explanation of responses
- F1Restricted stock units convert into common shares on a one-for-one basis.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan duly adopted by the reporting person in order to satisfy withholding taxes upon vesting of restricted stock units granted on May 12, 2015. This award vests ratably in three annual installments on the first, second and third anniversaries of the grant date.
- F3The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $27.94 to $27.95. 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.
- F4On May 12, 2015, the reporting person was granted 3,846 restricted stock units, vesting in three equal annual installments on the first, second and third anniversaries of the grant date.