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Axalta Coating Systems Ltd. — Director's Dealing 2019
Feb 8, 2019
30907_dirs_2019-02-07_85ea7fb1-fed4-4b7f-8132-abd7fd461325.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Axalta Coating Systems Ltd. (AXTA)
CIK: 0001616862
Period of Report: 2019-02-05
Reporting Person: Lannon Sean M. (SVP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-02-05 | Common Shares | M | 866 | — | Acquired | 14119 | Direct |
| 2019-02-06 | Common Shares | S | 426 | $26.51 | Disposed | 13693 | Direct |
| 2019-02-06 | Common Shares | M | 848 | — | Acquired | 14541 | Direct |
| 2019-02-07 | Common Shares | S | 389 | $26.02 | Disposed | 14152 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-02-05 | Restricted Stock Unit | $ | M | 866 | Disposed | Common Shares (866) | Direct | |
| 2019-02-06 | Restricted Stock Unit | $ | M | 848 | Disposed | Common Shares (848) | Direct |
Footnotes
F1: Restricted stock units convert into common shares on a one-for-one basis.
F2: The sales reported in the Form 4 were effected pursuant to a Rule 10b5-1 trading instruction to satisfy the reporting person's tax withholding obligation upon vesting of a portion of a restricted stock unit award.
F3: On February 5, 2018, the reporting person was granted 2,599 restricted stock units, vesting in three equal annual installments beginning on February 5, 2019.
F4: On February 6, 2017, the reporting person was granted 2,544 restricted stock units, vesting in three equal annual installments beginning on February 6, 2018.