FOSS ERIC J 4
4 · Diversey Holdings, Ltd. · Filed Jul 6, 2023
Insider Transaction Report
Form 4
FOSS ERIC J
Director
Transactions
- Disposition to Issuer
Ordinary Shares, $0.0001 par value
2023-07-05$8.40/sh−634,350$5,328,540→ 0 total - Disposition to Issuer
Ordinary Shares, $0.0001 par value
2023-07-05$8.40/sh−121,210$1,018,164→ 0 total(indirect: By Trust)
Footnotes (3)
- [F1]Pursuant to and in connection with the transactions contemplated by that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 8, 2023, by and among the Issuer, Olympus Water Holdings IV, L.P. ("Parent"), acting by its general partner, Olympus Water Holdings Limited and Diamond Merger Limited, each of the Issuer's ordinary shares, par value $0.0001 per share (each, an "Ordinary Share"), owned by the Reporting Person were cancelled and exchanged into the right to receive $8.40 in cash (the "Merger Consideration").
- [F2]The number of shares reported were indirectly held within the Eric J. Foss Revocable Trust Agreement u/a/d 10/4/07 of which the Reporting Person is trustee.
- [F3]The Ordinary Shares reported as disposed by the Reporting Person include 2,601 shares underlying restricted share units which, pursuant to the Merger Agreement, were vested and cancelled into the right to receive an amount in cash equal to the Merger Consideration, with payment subject to continued service with Parent and its affiliates, as applicable.