SEC Form 4 · accession 0001660690-17-000155
Versum Materials, Inc. · VSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael W Valente
Officer — SVP, Law and HR, GC, Secretary
Period of report
Nov 21, 2017
Accepted (ET)
Nov 24, 2017 · 7:39 pm EST
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 21, 2017 | A | 4,217 | $0.00 | A | 52,212 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Share UnitsF2 | — | Nov 21, 2017 | A | 5,036 | A | — | Sep 30, 2020 | Common Stock | 5,036 | 5,036 | D |
Explanation of responses
- F1Represents shares of common stock of Versum Materials, Inc. delivered upon vesting of deferred stock units granted in December 2014, the number of which was earned based upon the financial performance of Air Products and Chemicals, Inc. over fiscal years 2015-2016 and the financial performance of Versum Materials, Inc. over fiscal year 2017.
- F2Represents market share units granted to the reporting person on November 21, 2017. The number of market share units reported represents the target number awarded on the grant date. Each market share unit represents the right to receive, at settlement, the number of shares of common stock of Versum Materials, Inc. ("Common Stock") determined by applying a multiplier to the target number of shares which may vest based upon the performance of the Common Stock during the period October 1, 2017 through September 30, 2020. The number of shares of Common Stock that would be received upon vesting of the market share units, if any, may vary from 0% to 150% of the target number shown.
Remarks
In October 2017, the Issuer eliminated its common stock as an investment option in the Issuer's 401(k) plan and all shares of the Issuer's common stock held in the 401(k) plan were liquidated.