SEC Form 4 · accession 0001660690-16-000033
Versum Materials, Inc. · VSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Guillermo Novo
Officer — President and CEO · Director
Period of report
Nov 1, 2016
Accepted (ET)
Nov 3, 2016 · 5:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001660690
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 1, 2016 | A | 146,372 | $0.00 | A | 152,338 | D | |
| Common Stock | holding | — | — | — | 114 | I | By Retirement Savings Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Theses shares represent restricted stock units ("RSUs") and will be settled in common stock upon vesting. Subject to continued employment with the company through the vesting date, one third of the RSUs vest on October 1, 2018, one third vest on October 1, 2019, and one third vest on October 1, 2020. Upon a change in control of the company, as defined in the Versum Materials Inc. Long-Term Incentive Plan, each restricted stock unit would be converted into a right to receive cash equal to the price paid for one share of the company's common stock in the change in control transaction plus interest through the vesting date.