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Element Solutions Inc — Director's Dealing 2017
Aug 31, 2017
30916_dirs_2017-08-31_496950ab-1d07-4259-b60c-c67343d74b22.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Platform Specialty Products Corp (PAH)
CIK: 0001590714
Period of Report: 2017-08-29
Reporting Person: ASHKEN IAN G H (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-08-29 | Common Stock, par value $0.01 per share | P | 45000 | $10.98 | Acquired | 56325 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, par value $0.01 per share | 171555 | Indirect |
| Common Stock, par value $0.01 per share | 1182937 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (7861.0) | 7861 | Direct | |
| Series A Preferred Stock, par value $0.01 per share | $ | Common Stock (119992.0) | 119992 | Indirect |
Footnotes
F1: The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $10.79 to $11.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each separate price within the range set forth in this footnote.
F2: The shares are held by a revocable trust. The reporting person is the trustee of this trust and may be considered to have beneficial ownership of the trust's interests in the Issuer.
F3: Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F4: These RSUs will vest on the earlier of June 5, 2018 and the date of the next annual meeting of stockholder of the Issuer, provided that the reporting person continues to serve as a director of the Issuer through and on such vesting date. The RSUs may, in certain circumstances, become immediately vested as of the date of a change in control of the Issuer.
F5: Each share of Series A Preferred Stock is convertible at any time at the election of the holder, on a one-for-one basis, into shares of the Issuer's common stock for no additional consideration. The Series A Preferred Stock shall automatically convert into the Issuer's common stock upon the earlier to occur of (i) a change of control of the Issuer or (ii) December 31, 2020 (unless extended in accordance with the terms of the Series A Preferred Stock).