4//SEC Filing
ELLIOTT ASSOCIATES, L.P. 4
Accession 0000902664-19-003581
CIK 0000004281other
Filed
Aug 27, 8:00 PM ET
Accepted
Aug 28, 7:48 PM ET
Size
24.1 KB
Accession
0000902664-19-003581
Insider Transaction Report
Form 4
Arconic Inc.ARNC
ELLIOTT ASSOCIATES, L.P.
10% Owner
Transactions
- OtherSwap
Notional Principal Amount Derivative Agreements
2019-08-26+1→ 1 total→ Common Stock (412,300 underlying) - Sale
Common Stock, $1.00 par value
2019-08-26$24.94/sh−811,348$20,235,019→ 14,514,475 total(indirect: See Footnote) - Sale
Common Stock, $1.00 par value
2019-08-27$25.17/sh−851,021$21,420,199→ 13,663,454 total - Sale
Common Stock, $1.00 par value
2019-08-28$25.05/sh−228,415$5,721,796→ 13,435,039 total - OtherSwap
Notional Principal Amount Derivative Agreements
2019-08-26+1→ 1 total(indirect: See Footnote)→ Common Stock (476,548 underlying) - OtherSwap
Notional Principal Amount Derivative Agreements
2019-08-27+1→ 1 total→ Common Stock (415,400 underlying) - OtherSwap
Notional Principal Amount Derivative Agreements
2019-08-27+1→ 1 total(indirect: See Footnote)→ Common Stock (513,121 underlying) - OtherSwap
Notional Principal Amount Derivative Agreements
2019-08-28+1→ 1 total→ Common Stock (228,415 underlying)
Footnotes (7)
- [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]Reflects a transaction effected by Liverpool, a wholly-owned subsidiary of Elliott.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.87 to $25.05, 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.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.17 to $25.18, 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.
- [F5]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 $24.89 to $25.05. 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.
- [F6]The Reporting Person, directly and through Liverpool, increased its position in the Derivative Agreements in the form of cash settled swaps. The strike price of the Derivative Agreements reported herein is $25.18. 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 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.
- [F7]The Reporting Person, directly and through Liverpool, increased its position in the Derivative Agreements in the form of cash settled swaps. The strike price of the Derivative Agreements reported herein is $25.08. 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 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.
Documents
Issuer
Arconic Inc.
CIK 0000004281
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0000904495
Filing Metadata
- Form type
- 4
- Filed
- Aug 27, 8:00 PM ET
- Accepted
- Aug 28, 7:48 PM ET
- Size
- 24.1 KB