SEC Form 4 · accession 0001209191-17-007731
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
Feb 2, 2017
Accepted (ET)
Feb 3, 2017 · 5:19 pm EST
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 | Feb 2, 2017 | M | 2,957 | — | A | 3,799 | D | |
| Common Shares | Feb 3, 2017 | S | 993 | $29.53 | D | 2,806 | 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,F3 | — | Feb 2, 2017 | M | 2,957 | D | — | — | Common Shares | 2,957 | 5,917 | D |
Explanation of responses
- F1Restricted stock units convert into common shares on a one-for-one basis.
- F2The sales reported in the Form 4 were effected pursuant to a Rule 10b5-1 trading instruction to satisfy the reporting person's tax withholding obligation upon vesting of a portion of a restricted stock unit award.
- F3On February 2, 2016, the reporting person was granted 8,874 restricted stock units, vesting in three equal annual installments beginning on February 2, 2017.