SEC Form 4 · accession 0001209191-19-008315
Axalta Coating Systems Ltd. · AXTA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean M. Lannon
Officer — SVP & CFO
Period of report
Feb 5, 2019
Accepted (ET)
Feb 7, 2019 · 8:15 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 5, 2019 | M | 866 | — | A | 14,119 | D | |
| Common Shares | Feb 6, 2019 | S | 426 | $26.51 | D | 13,693 | D | |
| Common SharesF1 | Feb 6, 2019 | M | 848 | — | A | 14,541 | D | |
| Common Shares | Feb 7, 2019 | S | 389 | $26.02 | D | 14,152 | 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 UnitF1,F3 | — | Feb 5, 2019 | M | 866 | D | — | — | Common Shares | 866 | 1,733 | D |
| Restricted Stock UnitF1,F4 | — | Feb 6, 2019 | M | 848 | D | — | — | Common Shares | 848 | 848 | D |
Explanation of responses
- F1Restricted stock units convert into common shares on a one-for-one basis.
- F2The sales reported in the 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.
- F3On February 5, 2018, the reporting person was granted 2,599 restricted stock units, vesting in three equal annual installments beginning on February 5, 2019.
- F4On February 6, 2017, the reporting person was granted 2,544 restricted stock units, vesting in three equal annual installments beginning on February 6, 2018.