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Element Solutions Inc — Director's Dealing 2020
Jun 5, 2020
30916_dirs_2020-06-05_56292929-f218-4cfe-909d-b39ca87b4b3b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Element Solutions Inc (ESI)
CIK: 0001590714
Period of Report: 2020-06-05
Reporting Person: SACHDEV RAKESH (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-06-05 | Common Stock, par value $0.01 per share | M | 9681 | — | Acquired | 9681 | Direct |
| 2020-06-05 | Common Stock, par value $0.01 per share | J | 9681 | — | Disposed | 0 | Direct |
| 2020-06-05 | Common Stock, par value $0.01 per share | J | 9681 | — | Acquired | 723752 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-06-05 | Restricted Stock Units | $0.0 | M | 9681 | Disposed | Common Stock (9681.0) | Direct |
Footnotes
F1: This transaction represents the settlement of previously-reported restricted stock units ("RSUs"), which vested on 6/5/20. Each RSU represented a contingent right to receive one share of the Issuer's common stock.
F2: Includes 714,071 shares incorrectly reported in prior filings as directly held by the reporting person. These shares were and remain indirectly held in a revocable trust account.
F3: The reporting person is a trustee of the trust referred to in footnote (2) above and may be considered to have beneficial ownership of the trust's interests in the Issuer. The reporting person disclaims beneficial ownership of the shares reported herein except to the extent of his pecuniary interest therein.