SEC Form 4 · accession 0001209191-19-007109
Axalta Coating Systems Ltd. · AXTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven R. Markevich
Officer — EVP & Pres., Trans. Coatings
Period of report
Jan 31, 2019
Accepted (ET)
Feb 4, 2019 · 7:19 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 | Jan 31, 2019 | M | 11,570 | — | A | 172,402 | D | |
| Common Shares | Feb 1, 2019 | S | 5,177 | $25.82 | D | 167,225 | 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 UnitsF1,F3 | — | Jan 31, 2019 | M | 11,570 | D | — | — | Common Shares | 11,570 | 34,710 | 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 unit award.
- F3This restricted stock unit grant vests 25% on each of the 6-month and 12-month anniversaries and 50% on the 24-month anniversary of the grant date.