SEC Form 4 · accession 0000899243-16-021084
NEWELL BRANDS INC. · NWL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian G H Ashken
Director
Period of report
May 24, 2016
Accepted (ET)
May 26, 2016 · 7:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000814453
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Call option (obligation to sell)F2 | $52.82 | May 24, 2016 | S | 1 | D | Mar 14, 2017 | Mar 14, 2017 | Common Stock | 481,852 | 1 | D |
| Put option (right to sell)F2 | $43.22 | May 24, 2016 | P | 1 | A | Mar 14, 2017 | Mar 14, 2017 | Common Stock | 481,852 | 1 | D |
Explanation of responses
- F1The reporting person entered into a collar arrangement pursuant to which he wrote a covered call option and purchased a put option. Only one of the options can be in the money on the expiration date, at which time the in-the-money option will be excercised (and settled for cash), and the other option will expire. If neither option is in the money on the expiration date, both options will expire.
- F2Proceeds from the sale of the call option were used to partially offset the price for the purchase of the put option. After such offset, the purchase price of the collar was $472,023.