ELLIOTT ASSOCIATES, L.P. 4
4 · Arconic Inc. · Filed Aug 27, 2019
Insider Transaction Report
Form 4
Arconic Inc.ARNC
ELLIOTT ASSOCIATES, L.P.
10% Owner
Transactions
- Sale
Common Stock, $1.00 par value
2019-08-23$24.51/sh−1,282,860$31,442,899→ 15,325,823 total - OtherSwap
Notional Principal Amount Derivative Agreements
2019-08-23+1→ 1 total→ Common Stock (412,300 underlying) - OtherSwap
Notional Principal Amount Derivative Agreements
2019-08-23+1→ 1 total(indirect: See Footnote)→ Common Stock (429,038 underlying)
Footnotes (4)
- [F1]This Form 4 is filed by Elliott Associates, L.P. ("Reporting Person"). The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.31 to $24.64, 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 sold at each separate price within the range set forth herein.
- [F3]The Reporting Person, directly and through The Liverpool Limited Partnership, a Bermuda limited partnership and a wholly-owned subsidiary of the Reporting Person ("Liverpool"), increased its position in notional principal amount derivative agreements (the "Derivative Agreements") in the form of cash settled swaps. The strike prices of the Derivative Agreements reported herein range from $24.31 to $24.66. The Derivative Agreements provide the Reporting Person with economic results that are comparable to the economic results of ownership but do not provide them with the power to vote or direct the voting or dispose of or direct the disposition of the shares that are referenced in the Derivative Agreements (such shares, the "Subject Shares"). The Reporting Person disclaims beneficial ownership in the Subject Shares. The Derivative Agreements shall continue until terminated as elected by the parties, and have an initial reference expiration date of December 18, 2020.
- [F4]Reflects a transaction effected by Liverpool, a wholly-owned subsidiary of Elliott.