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Filing Details

Accession Number:
0000950103-19-010756
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-08-12 17:29:45
Reporting Period:
2019-08-09
Accepted Time:
2019-08-12 17:29:45
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
943452 Westinghouse Air Brake Technologies Corp WAB Electronic & Other Electrical Equipment (No Computer Equip) (3600) NY
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
40545 General Electric Co 41 Farnsworth Street
Boston MA 02210
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
Common Stock Disposition 2019-08-09 16,969,692 $70.33 2,048,515 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Series A Non-voting Convertible Preferred Stock Disposition 2019-08-09 1,220 $202,644.75 3,515,464 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 S Direct
Footnotes
  1. Prior to the sales reported on this Form 4, the shares of issuer common stock and non-voting convertible preferred stock had been subject to the terms of a Shareholders Agreement entered into between the reporting person and the issuer on February 25, 2019, which, among other things, (i) restricted the reporting person from selling or otherwise disposing of any shares of issuer common and non-voting convertible preferred stock during specified time periods and (ii) required the reporting person to sell, transfer or otherwise divest all shares of issuer common stock and non-voting convertible preferred stock by no later than February 25, 2022.
  2. In connection with the sales reported on this Form 4, (x) the reporting person granted to certain underwriters a 30-day option period to purchase from the reporting person up to an additional 2,048,515 shares of issuer common stock, (y) the issuer agreed to waive any restrictions under the Shareholders Agreement on the reporting person's ability to sell, transfer or otherwise divest its remaining 2,048,515 shares of issuer common stock, and (z) the reporting person has agreed to sell, transfer or otherwise divest such shares of issuer common stock by December 31, 2019, to the extent such underwriters do not exercise their option to purchase such shares in full.
  3. The non-voting convertible preferred stock automatically converts (and is not otherwise convertible other than) upon a transfer by the reporting person to a third party. The conversion rate is equal to 2,881.5464 shares of issuer common stock for each share of issuer convertible preferred stock.