Home > Insider Trading > Filing (0001104659-21-035033)

Filing Details

Accession Number:: 0001104659-21-035033
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-11 16:31:22
Reporting Period:: 2021-03-09

Accepted Time:: 2021-03-11 16:31:22
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

Show Other Fields >>

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

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

Show Other Fields >>

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	Direct
98,644	Yes	4	J	Direct
51,467	Yes	4	J	Direct
51,467	Yes	4	J	Direct
42,889	Yes	4	J	Direct
42,889	Yes	4	J	Direct

Footnotes

Transfer by Gulf Hungary Holding Korlatolt Felelossegu Tarsasag ("Gulf Hungary"), parent company of the Reporting Person, to the Reporting Person.
On March 9, 2021, the Reporting Person 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, the reporting person 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 (as applicable) either, at the reporting person'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, the reporting person received upfront cash prepayments of $21,148,410 and $20,861,652 from Citi.
On March 9, 2021, the Reporting Person 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, the reporting person is obligated to, on each Settlement Date either, at the reporting person's option, (i) up to 1,715 Shares (or 1,716 Shares for the last seventeen Settlement Dates) to JPMorgan (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, the reporting person received upfront cash prepayments of $11,034,074 and $10,884,459 from JPMorgan.
On March 9, 2021, the Reporting Person 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, the reporting person is obligated to, on each Settlement Date either, at the reporting person'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, the reporting person received upfront cash prepayments of $9,195,026 and $9,070,347 from RBC.