Filing Details

Accession Number:
0000903423-19-000191
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-04-16 17:18:19
Reporting Period:
2019-04-12
Accepted Time:
2019-04-16 17:18:19
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1628369 Cushman & Wakefield Plc CWK () A6
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
937567 Board Plan Pension Teachers Ontario 5650 Yonge Street
North York, Toronto A6 M2M 4H5
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Ordinary Shares, $0.10 Nominal Value Per Share Disposition 2019-04-12 233,682 $17.08 15,626,710 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Ordinary Shares, $0.10 Nominal Value Per Share 333,567 Indirect See Explanation of Response
Footnotes
  1. OTPP is the direct holder of depositary receipts representing 15,626,710 Ordinary Shares ("Ordinary Shares") of Cushman & Wakefield plc (the "Issuer"). On April 12, 2019, pursuant to the exercise of the overallotment option by the Underwriters (defined below) under an Underwriting Agreement, dated March 20, 2019, among the Issuer, the underwriters named in Schedule II thereto (the "Underwriters") and the selling shareholders named in Schedule III thereto (the "Underwriting Agreement"), OTPP sold 233,682 Ordinary Shares.
  2. In addition, OTPP indirectly holds a 13.04% partnership interests in (i) DTZ Investment Holdings LP ("Holdings LP") and (ii) DTZ Investment Holdings GenPar LLP ("DTZ GenPar"), the general partner of Holdings LP. DTZ GenPar, acting as general partner of Holdings LP, holds depositary receipts representing 2,558,022 Ordinary Shares of the Issuer for the benefit of the limited partners of Holdings LP.
  3. Because of the relationship between OTPP, Holdings LP and DTZ GenPar, OTPP may be deemed, pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to beneficially own the Ordinary Shares beneficially owned in the aggregate by Holdings LP and DTZ GenPar. OTPP disclaims beneficial ownership of the Ordinary Shares beneficially owned in the aggregate by Holdings LP, DTZ GenPar or any future distributees, except to the extent of OTPP's pecuniary interest therein, if any.
  4. OTPP entered into a Stockholders Agreement, dated as of August 6, 2018, with certain other holders (the "Holders") of Ordinary Shares. Pursuant to the Stockholders Agreement, the OTPP and the Holders have agreed to, among other things, vote their Ordinary Shares to elect members of the Board of Directors of the Issuer as set forth therein.
  5. Because of the relationship between the OTPP and the Holders as a result of the Stockholders Agreement, the Reporting Person may be deemed, pursuant to Rule 13d-3 under the Act, to beneficially own the Ordinary Shares beneficially owned by the Holders. OTPP disclaims beneficial ownership of the Ordinary Shares beneficially owned by the Holders, except to the extent of its pecuniary interest therein, if any.