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Filing Details

Accession Number:: 0001104659-21-035031
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-11 16:31:00
Reporting Period:: 2021-03-09

Accepted Time:: 2021-03-11 16:31:00
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
1783455	Tarsasag Felelossegu Korlatolt Holding Hungary Gulf	Bah Center, 2 Furj Street Budapest K5 1124		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2021-03-09	118,313	$0.00	101,054	No	4	S	Direct
Common Stock	Acquisiton	2021-03-09	118,313	$0.00	4,172,897	No	4	P	Indirect	By QH Hungary Holdings Limited

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	P	Indirect	By QH Hungary Holdings Limited

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Prepaid Variable Forward Sale Contract	Acquisiton	2021-03-09	98,644	$0.00	98,644	$0.00
Common Stock	Prepaid Variable Forward Sale Contract	Acquisiton	2021-03-09	98,644	$0.00	98,644	$0.00
Common Stock	Prepaid Variable Forward Sale Contract	Acquisiton	2021-03-09	51,467	$0.00	51,467	$0.00
Common Stock	Prepaid Variable Forward Sale Contract	Acquisiton	2021-03-09	51,467	$0.00	51,467	$0.00
Common Stock	Prepaid Variable Forward Sale Contract	Acquisiton	2021-03-09	42,889	$0.00	42,889	$0.00
Common Stock	Prepaid Variable Forward Sale Contract	Acquisiton	2021-03-09	42,889	$0.00	42,889	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
98,644	Yes	4	J	Indirect
98,644	Yes	4	J	Indirect
51,467	Yes	4	J	Indirect
51,467	Yes	4	J	Indirect
42,889	Yes	4	J	Indirect
42,889	Yes	4	J	Indirect

Footnotes

Transfer by the reporting person to QH Hungary Holdings Limited, a wholly owned subsidiary of the reporting person ("QH Hungary").
On March 9, 2021, QH Hungary entered into two prepaid variable share forward transactions with Citibank, N.A. ("Citibank"). See Footnote 3 and Remarks for details of the transaction.
The prepaid forward transactions with Citibank are each divided into 30 components (each a "Component"). For each Component, QH Hungary is obligated to, on the settlement date (the "Settlement Date") determined based on the specified scheduled valuation date within the periods from January 26, 2022 to March 9, 2022 or from July 7, 2022 to August 17, 2022 either, at QH Hungary's option, (i) up to 3,288 Shares (or 3,289 Shares for the last four Settlement Dates) 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 the two prepaid forward contracts, QH Hungary received upfront cash prepayments of $21,148,410 and $20,861,652 from Citi.
On March 9, 2021, QH Hungary entered into two prepaid variable share forward transaction with JPMorgan Chase Bank, National Association ("JPMorgan"). See Footnote 5 and Remarks for details of the transaction.
The prepaid forward transactions with JPMorgan are each divided into 30 Components. For each Component, QH Hungary is obligated to, on each Settlement Date either, at QH Hungary's option, (i) up to 1,715 Shares (or 1,716 Shares for the last seventeen Settlement Dates) to JPMorgan 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 the two prepaid forward contracts, QH Hungary received upfront cash prepayments of $11,034,074 and $10,884,459 from JPMorgan.
On March 9, 2021, QH Hungary entered into two prepaid variable share forward transaction with Royal Bank of Canada ("RBC"). See Footnote 7 and Remarks for details of the transaction.
The prepaid forward transactions with RBC are each divided into 30 Components. For each Component, QH Hungary is obligated to, on each Settlement Date either, at QH Hungary's option, (i) up to 1,429 Shares (or 1,430 Shares for the last nineteen Settlement Dates) to RBC 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 the two prepaid forward contracts, QH Hungary received upfront cash prepayments of $9,195,026 and $9,070,347 from RBC.