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Benson Scot – ‘4’ for 3/2/21 re: Element Solutions Inc.

On:  Thursday, 3/4/21, at 4:32pm ET   ·   For:  3/2/21   ·   Accession #:  1590714-21-23   ·   File #:  1-36272

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/04/21  Benson Scot                       4                      1:17K  Element Solutions Inc.            Element Solutions Inc.

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML      3K 
                Securities by an Insider --                                      
                wf-form4_161489355073040.xml/3.6                                 




        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 

 
SEC Info rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider — wf-form4_161489355073040.xml/3.6
 
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Benson Scot

(Last)(First)(Middle)
C/O ELEMENT SOLUTIONS INC
500 EAST BROWARD BOULEVARD, SUITE 1860

(Street)
FORT LAUDERDALEFL33394

(City)(State)(Zip)
2. Issuer Name and Ticker or Trading Symbol
Element Solutions Inc [ ESI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
3/2/21
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.01 per share 3/2/21 M 24,794A$13.3312,003 (1)D
Common Stock, par value $0.01 per share 3/2/21 M 8,163A$12.25320,166D
Common Stock, par value $0.01 per share 3/2/21 M 66,401A$12.25386,567D
Common Stock, par value $0.01 per share 3/2/21 M 8,818A$11.34395,385D
Common Stock, par value $0.01 per share 3/2/21 M 55,409A$11.34450,794D
Common Stock, par value $0.01 per share 3/2/21 F 120,501 (2)D$18.58 (3)330,293D
Common Stock, par value $0.01 per share 3/2/21 S 1,499D$18.58 (3)328,794D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)$13.3 3/2/21 M 24,794 (2) (4) 2/21/27Common Stock24,794$13.30D
Stock Option (Right to Buy)$12.25 3/2/21 M 8,163 (2) (4) 2/19/30Common Stock8,163$12.250D
Stock Option (Right to Buy)$12.25 3/2/21 M 66,401 (2) (4) 2/19/30Common Stock66,401$12.250D
Stock Option (Right to Buy)$11.34 3/2/21 M 8,818 (2) (4) 2/20/29Common Stock8,818$11.340D
Stock Option (Right to Buy)$11.34 3/2/21 M 55,409 (2) (4) 2/20/29Common Stock55,409$11.340D
Explanation of Responses:
(1)  Includes 45 shares of the Issuer's common stock acquired through a dividend reinvestment exempt from the provisions of Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-11.
(2)  Represents a net exercise of outstanding stock options. The reporting person received an aggregate of 41,585 shares of the Issuer's common stock on net exercise to purchase an aggregate of 163,585 shares. 120,501 shares were delivered to cover the applicable exercise prices and related taxes.
(3)  This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.48 to $18.72, inclusive. The reporting person undertakes to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
(4)  These previously-reported stock options were vested and fully exercisable.
Remarks:
/s/ John E. Capps as Attorney-in-Fact for Scot R. Benson 3/4/21
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
____________
Transaction Codes:
    F    Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3.
    M    Exercise or conversion of derivative security exempted pursuant to Rule 16b-3.
    S    Open market or private sale of non-derivative or derivative security.

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