SEC Form 3 · accession 0001209191-18-045590
Axalta Coating Systems Ltd. · AXTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Jul 26, 2018
Accepted (ET)
Aug 6, 2018 · 6:17 pm EDT
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 StockF1,F2,F3 | holding | — | — | — | 24,264,000 | I | See Footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F120,940,000 of the total reported securities are owned by the following subsidiaries of Berkshire Hathaway Inc. ("Berkshire"): National Indemnity Company (393,043), Government Employees Insurance Company (20,000,000) and GEICO Advantage Insurance Company (546,957). In order to avoid double counting, shares of Common Stock reported as being owned by each of these subsidiaries only reflect shares that are owned directly by such subsidiary, and do not reflect any shares that such subsidiary may be deemed to beneficially own by virtue of ownership or control of any other subsidiary otherwise reported in this Form 3. As Berkshire is in the chain of ownership of each subsidiary listed above, it may be deemed presently to both beneficially own and have a pecuniary interest in all shares of Common Stock presently directly owned by such subsidiaries.
- F2Continued from footnote 1: Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, the shares of Common Stock presently owned by each of these subsidiaries. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F33,324,000 of the total reported securities are owned directly by the following pension plans of Berkshire and Berkshire's subsidiaries: Berkshire Hathaway Consolidated Pension Plan (700,000), Acme Brick Company Pension Trust (57,000), BNSF Master Retirement Trust (373,000), Buffalo News Drivers/Distributors Pension Plan (10,000), Buffalo News Editorial Pension Plan (165,000), Buffalo News Mechanical Pension Plan (19,000) and Lubrizol Corporation Master Trust Pension (2,000,000). Each of Berkshire, Mr. Buffett and these pension plans disclaim beneficial ownership in such shares.
Remarks
The beneficial ownership of the shares of Common Stock reported herein exceeds 10% as a result of the issuer's repurchases of its own securities, based on the issuer's most recently announced number of shares of Common Stock outstanding.