SEC Form 4 · accession 0000899243-16-012534
Baxalta Inc · BXLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
BAXTER INTERNATIONAL INC
10% Owner
Period of report
Feb 2, 2016
Accepted (ET)
Feb 2, 2016 · 4:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001620546
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF2 | Feb 2, 2016 | J | 37,573,040 | — | D | 94,329,679 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to an Exchange Agreement (the "Agreement"), dated as of January 27, 2016, between the reporting person and Chase Lincoln First Commercial Corporation ("Chase Lincoln"), the reporting person transferred 37,573,040 shares of the issuer's common stock to Chase Lincoln in exchange for the extinguishment in full and termination of all of the outstanding loan obligations under a 364-day credit agreement between the reporting person, Chase Lincoln and the other parties thereto (the "Transfer").
- F2The Agreement placed a value on the issuer's common stock for purposes of the Transfer of $39.50 per share, prior to giving effect to any fees and discounts associated with the Transfer.