4//SEC Filing
Crane Ross 4
Accession 0001104659-17-066304
CIK 0001604416other
Filed
Nov 5, 7:00 PM ET
Accepted
Nov 6, 4:10 PM ET
Size
11.8 KB
Accession
0001104659-17-066304
Insider Transaction Report
Form 4
Crane Ross
See Remarks
Transactions
- Award
Common Stock
2017-11-02+22,911→ 22,911 total - Award
Employee Stock Option (right to buy)
2017-11-02+68,733→ 68,733 totalExercise: $7.42Exp: 2027-11-02→ Common Stock (68,733 underlying) - Award
Performance Share Unit
2017-11-02+22,911→ 22,911 totalExp: 2020-09-30→ Common Stock (22,911 underlying)
Holdings
- 1,791,182(indirect: See Footnote)
Common Stock
Footnotes (5)
- [F1]Shares of Restricted Stock granted pursuant to the terms of the Nexeo Solutions, Inc. 2016 Long Term Incentive Plan.
- [F2]Includes 268,433 shares of common stock subject to forfeiture on June 9, 2026 unless certain targets tied to the trading price of the Issuer's common stock are satisfied or the Issuer completes a liquidation, merger, stock exchange or similar transaction.
- [F3]On June 9, 2016, Nexeo Holdco, LLC, a Delaware limited liability company (the "Management Company"), received 1,791,182 shares of common stock and 311,166 deferred payment rights as consideration in connection with the business combination of WL Ross Holding Corp. and Nexeo Solutions Holdings, LLC. The Reporting Person holds a direct membership interest in the Management Company. The Reporting Person disclaims beneficial ownership of all securities reported except to the extent of such Reporting Person's pecuniary interest therein.
- [F4]The option vests in three equal annual installments beginning on November 2, 2018.
- [F5]Performance Share Units granted pursuant to the Nexeo Solutions, Inc. 2016 Long Term Incentive Plan. Each Performance Share Unit represents a contingent right to receive a certain number of shares of the Issuer's common stock, to be determined based upon the attainment of certain performance goals set forth in the Performance Share Unit Agreement, dated November 2, 2017, by and between the Issuer and the Reporting Person, for the performance period beginning on October 1, 2017 to September 30, 2020. The vesting of the Reporting Person's Performance Share Units is tied to the return on invested capital during the performance period, as well as the satisfaction of certain time-based vesting conditions during the period beginning on the date of grant and ending on the date of settlement of the Performance Share Unit. These achievements may result in a payout ranging between 0% and 200% of the target.
Documents
Issuer
Nexeo Solutions, Inc.
CIK 0001604416
Entity typeother
Related Parties
1- filerCIK 0001676323
Filing Metadata
- Form type
- 4
- Filed
- Nov 5, 7:00 PM ET
- Accepted
- Nov 6, 4:10 PM ET
- Size
- 11.8 KB