PAGAC Drone Holding GP I Ltd 4
4 · Cushman & Wakefield plc · Filed Dec 14, 2021
Insider Transaction Report
Form 4
PAGAC Drone Holding GP I Ltd
10% Owner
Transactions
- Sale
Ordinary Shares, $0.10 nominal value per share
2021-12-13$20.35/sh−5,797,645$117,982,076→ 27,873,866 total
Footnotes (4)
- [F1]The Reporting Person is the general partner of PAGAC Drone Holding I LP ("PAGAC" and, together with the Reporting Person, the "PAG Entities").
- [F2]PAGAC is the direct holder of 27,873,866 Ordinary Shares ("Ordinary Shares") of Cushman & Wakefield plc (the "Issuer").
- [F3]Messrs. Jon Robert Lewis, David Jaemin Kim, Noel Walsh and Oliver Morris have been delegated, in accordance with certain proxy voting guidelines, the authority to implement voting decisions and the authority to implement disposition decisions with respect to shares indirectly held by PAGAC Drone Holding GP I Limited, including the 27,873,866 ordinary shares. Each of Messrs. Lewis, Kim, Walsh and Morris expressly disclaims beneficial ownership of such shares.
- [F4]The PAG Entities entered into a Stockholders Agreement, dated as of August 6, 2018, with certain other holders (the "Holders") of Ordinary Shares. Pursuant to the Stockholders Agreement, the PAG Entities and the Holders have agreed to, among other things, vote their Ordinary Shares to elect members of the Board of Directors of the Issuer as set forth therein. Because of the relationship between the PAG Entities and the Holders as a result of the Stockholders Agreement, the Reporting Person may be deemed, pursuant to Rule 13d-3 under the Act, to beneficially own the Ordinary Shares beneficially owned by the Holders. The Reporting Person and each PAG Entity disclaims beneficial ownership of the Ordinary Shares beneficially owned by the Holders, except to the extent of its pecuniary interest therein, if any.