SEC Form 4 · accession 0001140361-16-061866
REVLON INC /DE/ · REV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lorenzo Delpani
Director
Period of report
Apr 22, 2016
Accepted (ET)
Apr 22, 2016 · 5:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000887921
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, par value $0.01 per shareF1 | Apr 22, 2016 | D | 72,895 | $36.83 | D | 65,703 | D | |
| Class A Common Stock, par value $0.01 per shareF2 | Apr 22, 2016 | D | 65,703 | $24.35 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the Transition and Separation Agreement and Release, as amended on 4/21/16, between Mr. Delpani and the Issuer, on 4/22/16 the Issuer repurchased the 72,895 reported shares from Mr. Delpani at the $36.83 NYSE closing price on 4/20/16.
- F2Pursuant to the Transition and Separation Agreement and Release, as amended on 4/21/16, between Mr. Delpani and the Issuer, on 4/22/16, the Issuer paid Mr. Delpani $1.6 million (or $24.35 per share) as consideration for cancelling his remaining 65,703 unvested restricted shares that were otherwise scheduled to vest on 3/15/17.