SEC Form 4 · accession 0001660690-16-000035
Versum Materials, Inc. · VSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Michael W Valente
Officer — SVP Law/Human Res., GC, Secy
Period of report
Nov 1, 2016
Accepted (ET)
Nov 3, 2016 · 5:41 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 | 47,730 | $0.00 | A | 47,730 | D | |
| Common StockF2 | holding | — | — | — | 25 | 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.
- F2Reflects common stock of the Issuer received with respect to shares of common stock of Air Products and Chemicals, Inc. ("Air Products") held prior to the spin-off of the Issuer from Air Products (the "Spin-off").