Filing Details

Accession Number:
0001590714-17-000144
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-10-02 19:57:33
Reporting Period:
2017-10-02
Accepted Time:
2017-10-02 19:57:33
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1590714 Platform Specialty Products Corp PAH () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1093725 H G Ian Ashken C/O Platform Specialty Products Corp.
1450 Centrepark Blvd, Suite 210
West Palm Beach FL 33401
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, Par Value $0.01 Per Share Disposition 2017-10-02 227,857 $0.00 227,880 No 4 S Indirect By IGHA Holdings, LLLP
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By IGHA Holdings, LLLP
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, Par Value $0.01 Per Share 1,182,937 Indirect By Mariposa Acquisition, LLC
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units $0.00 7,861 7,861 Direct
Common Stock Series A Preferred Stock, par value $0.01 per share $0.00 119,992 119,992 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
7,861 7,861 Direct
119,992 119,992 Indirect
Footnotes
  1. On October 2, 2017, the reporting person sold the LP Interest (as defined in footnote 3 below) to a trust for an installment note as further described in footnote 2 below.
  2. The purchase price for the sale of the LP Interest is the fair market value of the LP Interest for Federal gift tax purposes to be evidenced by an installment note for such amount as determined pursuant to a third-party appraisal.
  3. Prior to the sale transaction reported herein, through a series of indirect transfers for estate planning purposes, all of which were exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") pursuant to Rule 16a-13 promulgated thereunder, the reporting person transferred all of his interest in the shares previously reported as owned by the reporting person through his revocable trust and Tasburgh LLC, in each case, which were then held by the revocable trust to a newly formed limited liability limited partnership, IGHA Holdings, LLLP (the "LLLP"), of which the reporting person was, at the time of such transfers, the indirect general partner and holder of all general partnership interests of the LLLP and the indirect sole limited partner and holder of all limited partnership interests of LLLP (such limited partnership interests being the "LP Interest").
  4. Following the sale transaction reported herein, the reporting person will continue to control the general partner of the LLLP. As a result of the foregoing, the reporting person may be deemed to have beneficial ownership (as determined under Section 16 of the Exchange Act) of the shares held by the LLLP to the extent of his pecuniary interest therein.
  5. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
  6. These RSUs will vest on the earlier of June 5, 2018 and the date of the next annual meeting of stockholder of the Issuer, provided that the reporting person continues to serve as a director of the Issuer through and on such vesting date. The RSUs may, in certain circumstances, become immediately vested as of the date of a change in control of the Issuer.
  7. Each share of Series A Preferred Stock is convertible at any time at the election of the holder, on a one-for-one basis, into shares of the Issuer's common stock for no additional consideration. The Series A Preferred Stock shall automatically convert into the Issuer's common stock upon the earlier to occur of (i) a change of control of the Issuer or (ii) December 31, 2020 (unless extended in accordance with the terms of the Series A Preferred Stock).