SEC Form 4 · accession 0001209191-18-008273
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 5, 2018
Accepted (ET)
Feb 7, 2018 · 8:06 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 6, 2018 | M | 848 | — | A | 14,011 | D | |
| Common Shares | Feb 7, 2018 | S | 276 | $30.29 | D | 13,735 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF3,F4 | — | Feb 5, 2018 | A | 5,199 | A | — | — | Common Shares | 5,199 | 5,199 | D |
| Restricted Stock UnitsF5,F6 | — | Feb 5, 2018 | A | 2,599 | A | — | — | Common Shares | 2,599 | 2,599 | D |
| Employee Stock OptionF7 | $29.81 | Feb 5, 2018 | A | 9,884 | A | — | Feb 4, 2028 | Common Shares | 9,884 | 9,884 | D |
| Restricted Stock UnitsF1,F6 | — | Feb 6, 2018 | M | 839 | A | — | — | Common Shares | 839 | 1,705 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2The 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.
- F3Each performance share unit represents a contingent right to receive one common share of Axalta Coating Systems Ltd.
- F4The number of shares 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, 2020.
- F5Each restricted stock unit represents a contingent right to receive one common share of Axalta Coating Systems Ltd.
- F6This restricted stock unit grant vests in three equal annual installments beginning on the first anniversary of the grant date.
- F7This option vests in three equal annual installments beginning on the first anniversary of the grant date.