Eric J. Foss - 05 Jul 2023 Form 4 Insider Report for Diversey Holdings, Ltd.

Role
Director
Signature
/s/ Michael Chapman, by power of attorney
Issuer symbol
N/A
Transactions as of
05 Jul 2023
Net transactions value
-$6,346,704
Form type
4
Filing time
06 Jul 2023, 16:02:33 UTC
Previous filing
02 Jun 2023
Next filing
26 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DSEY Ordinary Shares, $0.0001 par value Disposed to Issuer $1,018,164 -121,210 -100% $8.40 0 05 Jul 2023 Eric J. Foss Revocable Trust Agreement F1, F2
transaction DSEY Ordinary Shares, $0.0001 par value Disposed to Issuer $5,328,540 -634,350 -100% $8.40 0 05 Jul 2023 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Eric J. Foss is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to and in connection with the transactions contemplated by that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 8, 2023, by and among the Issuer, Olympus Water Holdings IV, L.P. ("Parent"), acting by its general partner, Olympus Water Holdings Limited and Diamond Merger Limited, each of the Issuer's ordinary shares, par value $0.0001 per share (each, an "Ordinary Share"), owned by the Reporting Person were cancelled and exchanged into the right to receive $8.40 in cash (the "Merger Consideration").
F2 The number of shares reported were indirectly held within the Eric J. Foss Revocable Trust Agreement u/a/d 10/4/07 of which the Reporting Person is trustee.
F3 The Ordinary Shares reported as disposed by the Reporting Person include 2,601 shares underlying restricted share units which, pursuant to the Merger Agreement, were vested and cancelled into the right to receive an amount in cash equal to the Merger Consideration, with payment subject to continued service with Parent and its affiliates, as applicable.