Filing Details

Accession Number:
0001104659-20-100860
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-08-31 17:16:22
Reporting Period:
2020-08-27
Accepted Time:
2020-08-31 17:16:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
81362 Quaker Chemical Corp KWR Miscellaneous Products Of Petroleum & Coal (2990) 230993790
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1808660 Ltd Holdings Hungary Qh Bah Center, 2 Furj Street
Budapest K5 1124
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 Acquisiton 2020-08-27 150,131 $0.00 4,054,584 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Prepaid Variable Forward Sale Contract Acquisiton 2020-08-27 140,000 $0.00 140,000 $0.00
Common Stock Prepaid Variable Forward Sale Contract Acquisiton 2020-08-27 60,000 $0.00 60,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
140,000 Yes 4 J Direct
60,000 Yes 4 J Direct
Footnotes
  1. Transfer by Gulf Hungary Holding Korlatolt Felelossegu Tarsasag ("Gulf Hungary"), parent company of the Reporting Person, to the Reporting Person.
  2. On August 27, 2020, the Reporting Person entered into a prepaid variable share forward transaction with JPMorgan Chase Bank, National Association ("JPMorgan"). See Footnote 4 and Remarks for details of the transaction.
  3. On August 27, 2020, the Reporting Person entered into a prepaid variable share forward transaction with Citibank, N.A. ("Citibank"). See Footnote 4 and Remarks for details of the transaction.
  4. The prepaid forward transactions with JPMorgan and Citibank are each divided into 14 components (each a "Component"). For each Component, the reporting person is obligated to, on the settlement date (the "Settlement Date") determined based on the specified scheduled valuation date within the period from August 18, 2022 to September 7, 2022, either, at the reporting person's option, (i) up to 10,000 Shares to JPMorgan and up to 4,286 Shares (or 4,282 Shares for the last Settlement Date) to Citi (such Share number, "Subject Number") based on the average market price of the Shares determined as described below in Remarks or (ii) an amount of cash equivalent to the value of such Shares. In exchange for assuming the obligation under each contract, the reporting person received an upfront cash prepayment of $9,481,130.00 and $22,122,636.00 from Citibank and JPMorgan, respectively.