SEC Form 4 · accession 0000899243-18-029899
BrightView Holdings, Inc. · BV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey R Herold
Officer — See Remarks
Period of report
Jun 27, 2018
Accepted (ET)
Nov 30, 2018 · 6:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001734713
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F1,F3 | Jun 27, 2018 | A | 182,930 | — | A | 182,930 | D | |
| Common StockF1 | Jun 27, 2018 | A | 146,888 | — | A | 146,888 | I | By Herold Credit Trust |
| Common StockF1 | Jun 27, 2018 | A | 119,089 | — | A | 119,089 | I | By Herold Marital Trust |
| Common StockF3 | Nov 28, 2018 | A | 9,767 | $0.00 | A | 192,697 | D | |
| Common StockF3 | Nov 28, 2018 | A | 21,570 | $0.00 | A | 214,267 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F7 | $22.00 | Jun 27, 2018 | A | 85,528 | A | — | Jun 27, 2028 | Common Stock | 85,528 | 85,528 | D |
| Stock Options (Right to Buy)F1,F8 | $22.00 | Jun 27, 2018 | A | 69,240 | A | — | Jun 27, 2028 | Common Stock | 69,240 | 69,240 | D |
| Stock Options (Right to Buy)F1,F10,F9 | $22.00 | Jun 27, 2018 | A | 41,544 | A | — | Jun 27, 2028 | Common Stock | 41,544 | 41,544 | D |
| Stock Options (Right to Buy)F10,F9 | $22.00 | Nov 28, 2018 | A | 11,078 | A | — | Jun 27, 2028 | Common Stock | 11,078 | 52,622 | D |
| Stock Options (Right to Buy)F12 | $13.49 | Nov 28, 2018 | A | 50,040 | A | — | Nov 28, 2028 | Common Stock | 50,040 | 50,040 | D |
Explanation of responses
- F1These securities were acquired in connection with the reclassification of interests of BrightView Parent L.P. prior to the Issuer's initial public offering (as more fully described in the Issuer's Registration Statement on Form S-1 (File No. 333-225277)) and were included in the Reporting Person's Form 3 filed on June 28, 2018.
- F10Does not include unvested performance-based options which will be reported when earned upon achievement of certain performance criteria.
- F11Represents options acquired upon settlement of performance-based stock option awards previously granted to the Reporting Person.
- F12Represents a grant of time-based options that vests in four equal annual installments beginning on November 28, 2019.
- F2Includes unvested shares of restricted stock.
- F3Does not include unvested performance shares which will be reported when earned upon achievement of certain performance criteria.
- F4Represents common stock of the Issuer acquired upon settlement of performance-based restricted stock unit awards previously granted to the Reporting Person.
- F5Represents a grant of time-based restricted stock that vests in four equal annual installments beginning on November 28, 2019.
- F6Represents a grant of time-based options made on June 27, 2018, which were included in the Reporting Person's Form 3 filed on June 28, 2018.
- F7Represents time-based options that vest in four equal annual installments beginning on the first anniversary of the Issuer's initial public offering.
- F8Represents time-based options of which 80% are vested. The remaining 20% will vest on January 31, 2019.
- F9Represents options that vested upon the achievement of certain performance criteria. These options are fully vested and exercisable.
Remarks
The Reporting Person disclaims beneficial ownership of the securities reported herein as indirectly beneficially owned, except to the extent of his pecuniary interest therein. Title: President, Landscape Maintenance