Filing Details

Accession Number:
0000899243-17-007680
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-03-15 21:02:28
Reporting Period:
2017-03-13
Filing Date:
2017-03-15
Accepted Time:
2017-03-15 21:02:28
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
940603 E Martin Franklin 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 2017-03-13 200,000 $48.48 4,840,926 No 4 S Direct
Common Stock Disposition 2017-03-14 140,000 $48.13 4,700,926 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
Footnotes
  1. On March 14, 2017, the reporting person reported the sale in an open market transaction of 340,000 shares, an amount estimated to be approximately equivalent to previously pledged shares that are expected to be returned to the reporting person pursuant to a previously disclosed collar arrangement entered into in the second quarter of 2016 scheduled to settle on March 17, 2017. The collar arrangement obligated the reporting person to deliver to unaffiliated third party purchasers up to 2,979,963 shares of NWL common stock on the expiration date of the contract. In exchange for assuming this obligation, the reporting person will receive a cash payment of $128.7 million as of the date of settlement of the contract.
  2. (Continued from footnote 1) The reporting person pledged 2,979,963 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. The reporting person estimated that approximately 2.64 million shares will be transferred to the purchasers on the settlement date and therefore requested that the remaining approximately 340,000 Pledged Shares be sold in an open market transaction.