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
  1. 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.
  2. (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.