Filing Details
- Accession Number:
- 0000899243-17-007679
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-03-15 21:00:24
- Reporting Period:
- 2017-03-13
- Filing Date:
- 2017-03-15
- Accepted Time:
- 2017-03-15 21:00:24
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
814453 | Newell Brands Inc | NWL | Plastics Products, Nec (3089) | 363514169 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1093725 | H G Ian Ashken | C/O Newell Brands 221 River Street Hoboken NJ 07030 | 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 | Disposition | 2017-03-13 | 30,000 | $48.47 | 962,909 | No | 4 | S | Direct | |
Common Stock | Disposition | 2017-03-14 | 21,000 | $47.99 | 941,909 | No | 4 | S | Direct | |
Common Stock | Disposition | 2017-03-14 | 430,535 | $0.00 | 511,374 | Yes | 4 | J | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | S | Direct | |
Yes | 4 | J | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Call Option (obligation to sell) | Disposition | 2017-03-14 | 481,852 | $0.00 | 481,852 | $0.00 |
Common Stock | Put option (right to sell) | Disposition | 2017-03-14 | 481,852 | $0.00 | 481,852 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
0 | 2017-03-14 | 2017-03-14 | Yes | 4 | J | Direct |
0 | 2017-03-14 | 2017-03-14 | Yes | 4 | J | Direct |
Footnotes
- On March 14, 2017, the reporting person settled a collar arrangement entered into in the second quarter of 2016 pursuant to which he wrote a covered call option and purchased a put option. The collar arrangement obligated the reporting person to deliver to an unaffiliated third party purchaser up to 481,852 shares of NWL common stock on the expiration date of the contract. In exchange for assuming this obligation, the reporting person received a cash payment of $20.8 million as of the date of settlement of the contract. The reporting person pledged 481,852 shares of NWL common stock (the "Pledged Shares") to secure his obligation under the contract, and retained dividend and voting rights in the Pledged Shares during the term of the pledge.
- (Continued from Footnote 1) On March 14, 2017, the settlement price of the NWL common stock was $48.369. Accordingly, the reporting person transferred to the purchaser 430,535 of the Pledged Shares, and the reporting person requested that the remaining approximately 51,000 Pledged Shares be sold in an open market transaction.