SEC Form 4 · accession 0001209191-18-008252
Axalta Coating Systems Ltd. · AXTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert W. Bryant
Officer — EVP & CFO
Period of report
Feb 5, 2018
Accepted (ET)
Feb 7, 2018 · 7:34 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 Shares | Feb 5, 2018 | S | 1,783 | $30.63 | D | 211,951 | D | |
| Common SharesF2 | Feb 5, 2018 | A | 25,159 | $0.00 | A | 237,110 | D | |
| Common SharesF3 | Feb 5, 2018 | A | 12,579 | $0.00 | A | 249,689 | D | |
| Common Shares | Feb 7, 2018 | S | 1,292 | $30.54 | D | 248,397 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF4 | $29.81 | Feb 5, 2018 | A | 47,827 | A | — | Feb 4, 2028 | Common Shares | 47,827 | 47,827 | D |
Explanation of responses
- F1The sales reported in this 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 award.
- F2The number of performance shares issued under this award on the third anniversary of the grant date may range from zero to 200% of the number of shares set forth above based upon the Company's relative total shareholder return during the three-year performance cycle ending December 31, 2020.
- F3This restricted stock unit grant vests in three equal annual installments beginning on the first anniversary of the grant date.
- F4This option vests in three equal annual installments beginning on the first anniversary of the grant date.