SEC Form 4 · accession 0000906318-16-000112
Milacron Holdings Corp. · MCRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Gallagher III
Other
Period of report
May 15, 2016
Accepted (ET)
May 17, 2016 · 2:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001637913
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 shareF1 | May 15, 2016 | D | 10,156 | $0.00 | D | 3,907 | D | |
| Commonn Stock, par value $0.01 per shareF2 | holding | — | — | — | 140,025 | I | Held by Stellar CJS Holdings, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F3 | $6.64 | May 15, 2016 | D | 59,953 | D | Nov 27, 2013 | Nov 27, 2022 | Common Stock | 59,953 | 0 | D |
| Option (right to buy)F3 | $6.64 | May 15, 2016 | A | 59,953 | A | May 15, 2016 | Nov 27, 2022 | Common Stock | 59,953 | 59,953 | D |
Explanation of responses
- F1Reflects the forfeiture of 10,156 shares previously reported as restricted stock that were subject to vesting and forfeiture, and the vesting of 3,907 previously restricted shares, in connection with the termination of the Reporting Person's employment.
- F2These securities are directly held by Stellar CJS Holdings, LLC, of which Mr. Gallagher and his spouse are the sole members, and may be deemed to be held by the Reporting Person.
- F3The two reported transactions involved the amendment of an outstanding option in conjunction with the termination of the Reporting Person's employment, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The "old" option was originally granted on November 27, 2012 for a total of 59,953 shares and provided for vesting in five equal annual installments; three of such installments (for a total of 35,971 shares) have now vested. Accordingly the "new" option will be immediately exercisable as to 35,971 shares and will become exercisable as to 11,991 shares on each of November 27, 2016 and 2017.