Filing Details

Accession Number:
0000921895-17-000618
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-03-07 19:32:31
Reporting Period:
2017-03-07
Filing Date:
2017-03-07
Accepted Time:
2017-03-07 19:32:31
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
78890 Brinks Co BCO Arrangement Of Transportation Of Freight & Cargo (4731) 541317776
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1410600 A Peter Feld 777 Third Avenue, 18Th Floor
New York NY 10017
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, $1.00 Par Value Disposition 2017-03-07 22,527 $52.22 1,852,111 No 4 S Indirect By Starboard Value and Opportunity Master Fund Ltd
Common Stock, $1.00 Par Value Disposition 2017-03-07 3,212 $52.22 471,627 No 4 S Indirect By Starboard Value and Opportunity S LLC
Common Stock, $1.00 Par Value Disposition 2017-03-07 1,762 $52.22 258,778 No 4 S Indirect By Starboard Value and Opportunity C LP
Common Stock, $1.00 Par Value Disposition 2017-03-07 3,848 $52.22 565,065 No 4 S Indirect By Managed Account of Starboard Value LP
Common Stock, $1.00 Par Value Disposition 2017-03-07 43,630 $52.24 1,808,481 No 4 S Indirect By Starboard Value and Opportunity Master Fund Ltd
Common Stock, $1.00 Par Value Disposition 2017-03-07 6,220 $52.24 465,407 No 4 S Indirect By Starboard Value and Opportunity S LLC
Common Stock, $1.00 Par Value Disposition 2017-03-07 3,413 $52.24 255,365 No 4 S Indirect By Starboard Value and Opportunity C LP
Common Stock, $1.00 Par Value Disposition 2017-03-07 7,453 $52.24 557,612 No 4 S Indirect By Managed Account of Starboard Value LP
Common Stock, $1.00 Par Value Disposition 2017-03-07 41,632 $52.28 1,766,849 No 4 S Indirect By Starboard Value and Opportunity Master Fund Ltd
Common Stock, $1.00 Par Value Disposition 2017-03-07 5,935 $52.28 459,472 No 4 S Indirect By Starboard Value and Opportunity S LLC
Common Stock, $1.00 Par Value Disposition 2017-03-07 3,257 $52.28 252,108 No 4 S Indirect By Starboard Value and Opportunity C LP
Common Stock, $1.00 Par Value Disposition 2017-03-07 7,111 $52.28 550,501 No 4 S Indirect By Managed Account of Starboard Value LP
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By Starboard Value and Opportunity Master Fund Ltd
No 4 S Indirect By Starboard Value and Opportunity S LLC
No 4 S Indirect By Starboard Value and Opportunity C LP
No 4 S Indirect By Managed Account of Starboard Value LP
No 4 S Indirect By Starboard Value and Opportunity Master Fund Ltd
No 4 S Indirect By Starboard Value and Opportunity S LLC
No 4 S Indirect By Starboard Value and Opportunity C LP
No 4 S Indirect By Managed Account of Starboard Value LP
No 4 S Indirect By Starboard Value and Opportunity Master Fund Ltd
No 4 S Indirect By Starboard Value and Opportunity S LLC
No 4 S Indirect By Starboard Value and Opportunity C LP
No 4 S Indirect By Managed Account of Starboard Value LP
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock, $1.00 Par Value Cash-Settled Total Return Swap $30.54 2017-12-28 1,456,045 1 Indirect
Common Stock, $1.00 Par Value Deferred Stock Units $0.00 3,714 3,714 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2017-12-28 1,456,045 1 Indirect
3,714 3,714 Direct
Footnotes
  1. Securities owned directly by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP LLC ("Starboard Value GP"), the general partner of the investment manager of Starboard V&O Fund, and as a member and member of the Management Committee of Starboard Principal Co GP LLC ("Principal GP"), the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard V&O Fund for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"). The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  2. Securities owned directly by Starboard Value and Opportunity S LLC ("Starboard S LLC"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the manager of Starboard S LLC, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard S LLC for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  3. Securities owned directly by Starboard Value and Opportunity C LP ("Starboard C LP"). The Reporting Person, solely by virtue of his position as a member ofthe Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard C LP, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard C LP for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  4. Securities held in an account managed by Starboard Value LP (the "Managed Account"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of Starboard Value LP, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities held in the Managed Account for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  5. Starboard V&O Fund has entered into a cash-settled total return swap agreement (the "Swap") with an unaffiliated third party financial institution, which provides Starboard V&O Fund with economic exposure to an aggregate of 1,456,045 notional shares. The Swap provides Starboard V&O Fund with economic results that are comparable to the economic results of ownership but do not provide Starboard V&O Fund with the power to vote or direct the voting or dispose of or direct the disposition of the shares of common stock that are the subject of the Swap. The trades were executed at the closing market price on July 21, 2016.
  6. Subject to the terms and conditions of the Non-Employee Directors' Equity Plan and a Deferred Stock Units Award Agreement (the "Award Agreement"), theReporting Person has been granted Deferred Stock Units ("DSUs") that are subject to a one year vesting period that accelerates upon a change in control of the Issuer. The DSUs will be settled in Common Stock on a one-for-one basis upon vesting. Pursuant to terms of the Award Agreement, the DSUs will be forfeited if the Reporting Person ceases to serve as a member of the Board of Directors of the Issuer prior to the expiration of the vesting period.