AI assistant
Axalta Coating Systems Ltd. — Director's Dealing 2018
May 16, 2018
30907_dirs_2018-05-15_669eda06-1157-4e51-b2a7-08ae4fe035b9.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Axalta Coating Systems Ltd. (AXTA)
CIK: 0001616862
Period of Report: 2018-05-12
Reporting Person: Lannon Sean M. (VP Corp Fin & Controller, PAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-05-12 | Common Shares | M | 11538 | — | Acquired | 25273 | Direct |
| 2018-05-12 | Common Shares | M | 1283 | — | Acquired | 26556 | Direct |
| 2018-05-15 | Common Shares | F | 5579 | $31.30 | Disposed | 20977 | Direct |
| 2018-05-15 | Common Shares | F | 621 | $31.30 | Disposed | 20356 | Direct |
| 2018-05-15 | Common Shares | M | 3892 | $11.84 | Acquired | 24248 | Direct |
| 2018-05-15 | Common Shares | S | 3892 | $31.12 | Disposed | 20356 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-05-12 | Restricted Stock Unit | $ | M | 11538 | Disposed | Common Shares (11538) | Direct | |
| 2018-05-12 | Restricted Stock Unit | $ | M | 1283 | Disposed | Common Shares (1283) | Direct | |
| 2018-05-15 | Employee Stock Option | $11.84 | M | 3892 | Disposed | 2023-07-30 | Common Shares (3892) | Direct |
Footnotes
F1: Restricted stock units convert into common shares on a one-for-one basis.
F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan duly adopted by the reporting person.
F3: The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $30.78 to $31.27. The reporting person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4: On May 12, 2015, the reporting person was granted 23,076 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date.
F5: On May 12, 2015, the reporting person was granted 3,846 restricted stock units, vesting in three equal annual installments on the first, second and third anniversaries of the grant date.
F6: This option vested in five equal annual installments beginning on January 1, 2014. On April 8, 2015, this option vested in full in accordance with the terms of the Axalta Coating Systems Bermuda Co., Ltd. 2013 Equity Incentive Plan