Andrew Butcher - 13 Mar 2022 Form 4/A - Amendment Insider Report for LUXFER HOLDINGS PLC (LXFR)

Role
President,Luxfer Gas Cylinders
Signature
/s/ Megan E. Glise under Power of Attorney for Andrew Butcher
Issuer symbol
LXFR
Transactions as of
13 Mar 2022
Net transactions value
-$44,814
Form type
4/A - Amendment
Filing time
16 Mar 2022, 16:54:20 UTC
Date Of Original Report
15 Mar 2022
Next filing
16 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LXFR Ordinary Shares Options Exercise +2,056 +1.9% 110,055 13 Mar 2022 Direct F1, F2
transaction LXFR Ordinary Shares Tax liability $21,715 -1,113 -1% $19.51 108,942 13 Mar 2022 Direct F3
transaction LXFR Ordinary Shares Options Exercise +1,197 +1.1% 110,139 14 Mar 2022 Direct F1
transaction LXFR Ordinary Shares Tax liability $12,642 -648 -0.59% $19.51 109,491 14 Mar 2022 Direct F4
transaction LXFR Ordinary Shares Options Exercise +990 +0.9% 110,481 14 Mar 2022 Direct F1
transaction LXFR Ordinary Shares Tax liability $10,457 -536 -0.49% $19.51 109,945 14 Mar 2022 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LXFR Restricted Stock Units Options Exercise -2,056 -35% 3,870 13 Mar 2022 Ordinary Shares 2,056 Direct F1, F6
transaction LXFR Restricted Stock Units Options Exercise -1,197 -52% 1,100 14 Mar 2022 Ordinary Shares 1,197 Direct F1, F7
transaction LXFR Restricted Stock Units Options Exercise -990 -50% 990 14 Mar 2022 Ordinary Shares 990 Direct F1, F8
transaction LXFR Restricted Stock Units Award +6,000 6,000 14 Mar 2022 Ordinary Shares 6,000 Direct F1, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units convert 1 for 1, subject to a nominal payment of $1.00 per Ordinary Share.
F2 Includes 343 Ordinary Shares acquired pursuant to the Luxfer Holdings PLC Employee Stock Purchase Plan ("ESPP") for the purchase periods of December 19, 2020 - June 18, 2021 and June 19, 2021 - December 24, 2021. These transactions are exempt pursuant to Rule 16b-3(c). In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of Issuer's Ordinary Shares on June 18, 2021 and December 24, 2021, respectively.
F3 The original Form 4, filed on March 15, 2022, stated that 1,023 Ordinary Shares were withheld for payment of conversion price and tax liability when, in fact, 1,113 Ordinary Shares were withheld.
F4 The original Form 4, filed on March 15, 2022, stated that 596 Ordinary Shares were withheld for payment of conversion price and tax liability when, in fact, 648 Ordinary Shares were withheld.
F5 The original Form 4, filed on March 15, 2022, stated that 493 Ordinary Shares were withheld for payment of conversion price and tax liability when, in fact, 536 Ordinary Shares were withheld.
F6 The remaining Restricted Stock Units vest in two equal installments beginning on March 13, 2023. The amounts above include additional Restricted Stock Units accrued related to dividend reinvestment rights.
F7 The remaining Restricted Stock Units vest on March 14, 2023. The amounts above include additional Restricted Stock Units accrued related to dividend reinvestment rights.
F8 Represents the vesting of performance-based Restricted Stock Units (at 50% of target) awarded on March 14, 2019. The performance-based Restricted Stock Units vested upon the achievement of relative Total Shareholder Return (TSR) goals for the three-year performance period ended December 31, 2021. The performance-based Restricted Stock Units vested 50% on March 14, 2022, and the remaining balance will vest on March 14, 2023.
F9 The Restricted Stock Units vest in four equal installments beginning on March 14, 2023.

Remarks:

The original Form 4, filed on March 15, 2022, is being amended by this Form 4/A solely to correct an administrative error, which misstated the number of Ordinary Shares withheld for payment of conversion price and tax liability with respect to three transactions. See Footnotes 3-5. As a result of this administrative error, the number of Ordinary Shares beneficially owned by the Reporting Person following the corrected transactions decreased by 185 Ordinary Shares.