SEC Form 4 · accession 0001209191-18-008276
Axalta Coating Systems Ltd. · AXTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles W Shaver
Officer — CEO · Director
Period of report
Feb 5, 2018
Accepted (ET)
Feb 7, 2018 · 8:11 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 | Jan 11, 2018 | G | 6,155 | $0.00 | D | 522,752 | D | |
| Common SharesF1 | Feb 5, 2018 | A | 96,444 | $0.00 | A | 619,196 | D | |
| Common SharesF2 | Feb 5, 2018 | A | 48,222 | $0.00 | A | 667,418 | D | |
| Common SharesF4 | Feb 5, 2018 | S | 9,860 | $30.66 | D | 657,558 | D | |
| Common SharesF5 | Feb 5, 2018 | S | 9,859 | $30.65 | D | 647,699 | D | |
| Common Shares | Feb 5, 2018 | M | 200,000 | $8.88 | A | 847,699 | D | |
| Common SharesF6 | Feb 5, 2018 | S | 190,599 | $30.55 | D | 657,100 | D | |
| Common SharesF7 | Feb 5, 2018 | S | 9,401 | $30.91 | D | 647,699 | D | |
| Common SharesF8 | Feb 7, 2018 | S | 8,046 | $30.60 | D | 639,653 | D | |
| Common SharesF9 | Feb 7, 2018 | S | 8,045 | $30.60 | D | 631,608 | 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 OptionF10 | $29.81 | Feb 5, 2018 | A | 183,340 | A | — | Feb 4, 2028 | Common Shares | 183,340 | 183,340 | D |
| Employee Stock OptionF11 | $8.88 | Feb 5, 2018 | M | 200,000 | D | — | Jul 30, 2023 | Common Shares | 200,000 | 1,352,287 | D |
Explanation of responses
- F1The 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.
- F10This option vests in three equal annual installments beginning on the first anniversary of the grant date.
- F11This option vested in five equal annual installments beginning on January 1, 2014. On April 8, 2015, this option vested in full in accordance with the terms of the Axalta Coating Systems Bermuda Co., Ltd. 2013 Equity Incentive Plan.
- F2This restricted stock grant vests in three equal annual installments beginning on the first anniversary of the grant date.
- F3The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan duly adopted by the reporting person.
- F4The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $30.36 to $31.05. 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.
- F5The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $30.36 to $31.04. 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.
- F6The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $29.86 to $30.858. 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.
- F7The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $30.86 to $31.06. 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.
- F8The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $30.04 to $30.83. 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.
- F9The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $30.05 to $30.86. 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.