SEC Form 4 · accession 0001209191-17-008779
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 6, 2017
Accepted (ET)
Feb 8, 2017 · 5:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001616862
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF1,F2 | — | Feb 6, 2017 | A | 5,088 | A | — | — | Common Shares | 5,088 | 5,088 | D |
| Restricted Stock UnitsF3,F4 | — | Feb 6, 2017 | A | 2,544 | A | — | — | Common Shares | 2,544 | 2,544 | D |
| Employee Stock OptionF5 | $29.48 | Feb 6, 2017 | A | 9,765 | A | — | Feb 5, 2027 | Common Shares | 9,765 | 9,765 | D |
Explanation of responses
- F1Each performance share unit represents a contingent right to receive one common share of Axalta Coating Systems Ltd.
- F2The number of performance share units issued under this award on the third anniversary of the grant date may range from zero to 200% of the number of performance share units set forth above based upon the Company's relative total shareholder return during the three-year performance cycle ending December 31, 2019.
- F3Each restricted stock unit represents a contingent right to receive one common share of Axalta Coating Systems Ltd.
- F4This restricted stock grant vests in three equal annual installments beginning on the first anniversary of the grant date.
- F5This option vests in three equal annual installments beginning on the first anniversary of the grant date.