SEC Form 4 · accession 0000899243-17-007679

NEWELL BRANDS INC. · NWL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Mar 13, 2017

Accepted (ET)

Mar 15, 2017 · 9:00 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000814453

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock	Mar 13, 2017	S	30,000	$48.47	D	962,909	D
Common Stock	Mar 14, 2017	S	21,000	$47.99	D	941,909	D
Common Stock^F1,F2	Mar 14, 2017	J	430,535	—	D	511,374	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Call Option (obligation to sell)^F1,F2	—	Mar 14, 2017	J	481,852	D	Mar 14, 2017	Mar 14, 2017	Common Stock	481,852	0	D
Put option (right to sell)^F1,F2	—	Mar 14, 2017	J	481,852	D	Mar 14, 2017	Mar 14, 2017	Common Stock	481,852	0	D

F1On March 14, 2017, the reporting person settled a collar arrangement entered into in the second quarter of 2016 pursuant to which he wrote a covered call option and purchased a put option. The collar arrangement obligated the reporting person to deliver to an unaffiliated third party purchaser up to 481,852 shares of NWL common stock on the expiration date of the contract. In exchange for assuming this obligation, the reporting person received a cash payment of $20.8 million as of the date of settlement of the contract. The reporting person pledged 481,852 shares of NWL common stock (the "Pledged Shares") to secure his obligation under the contract, and retained dividend and voting rights in the Pledged Shares during the term of the pledge.
F2(Continued from Footnote 1) On March 14, 2017, the settlement price of the NWL common stock was $48.369. Accordingly, the reporting person transferred to the purchaser 430,535 of the Pledged Shares, and the reporting person requested that the remaining approximately 51,000 Pledged Shares be sold in an open market transaction.