SEC Form 4 · accession 0001140361-16-056861
Welbilt, Inc. · WBT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
MANITOWOC CO INC
10% Owner
Period of report
Mar 4, 2016
Accepted (ET)
Mar 7, 2016 · 6:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001650962
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par value | Mar 4, 2016 | J | 137,016,612 | $0.00 | A | 137,016,712 | D | |
| Common Stock, $0.01 par value | Mar 4, 2016 | J | 137,016,712 | $0.00 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with the spin-off of Manitowoc Foodservice, Inc. ("Foodservice") by The Manitowoc Company, Inc. ("Manitowoc"), and pursuant to the terms and conditions of the Separation and Distribution Agreement by and between Foodservice and Manitowoc, dated as of March 4, 2016 (the "Separation Agreement"), Manitowoc received 137,016,612 shares of Foodservice common stock which, when combined with the 100 shares held by Manitowoc prior thereto, equals the number of Foodservice shares of common stock distributed by Manitowoc in the Distribution, as such term is defined in the Separation Agreement.
- F2In connection with the spin-off of Foodservice by Manitowoc and pursuant to the terms and conditions of the Separation Agreement, Manitowoc effected the Distribution, as such term is defined in the Separation Agreement, on March 4, 2016, and distributed all shares of Manitowoc on a pro rata basis to the holders of record of Manitowoc common stock as of February 22, 2016, the record date.