SEC Form 4 · accession 0001209191-18-007831
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, 2018
Accepted (ET)
Feb 6, 2018 · 4:12 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, 2018 | M | 2,957 | — | A | 14,243 | D | |
| Common SharesF3 | Feb 5, 2018 | S | 1,080 | $30.77 | D | 13,163 | 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 | — | Feb 2, 2018 | M | 2,957 | D | — | — | Common Shares | 2,957 | 2,960 | 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.
- F3The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $30.76 to $30.78. 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 February 2, 2016, the reporting person was granted 8,874 restricted stock units, vesting in three equal annual installments beginning on February 2, 2017.