SEC Form 4 · accession 0001209191-19-007121
Axalta Coating Systems Ltd. · AXTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph F. McDougall
Officer — EVP & Pres., Global Refinish
Period of report
Jan 31, 2019
Accepted (ET)
Feb 4, 2019 · 7:24 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 | 85,337 | D | |
| Common SharesF3 | Feb 1, 2019 | S | 5,474 | $25.77 | D | 79,863 | 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,F4 | — | 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.
- F3The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $25.77 to $25.78. 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.
- F4This 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.