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

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 05 Jul 2023
Net transaction value: -$6,346,704
SEC form: 4
Accepted by SEC: 06 Jul 2023, 16:02:33 UTC
Prior SEC filing: 02 Jun 2023
Next SEC filing: 26 Apr 2024
Source filing: View source filing
Reporting owner signature: /s/ Michael Chapman, by power of attorney

Key filing fact

Eric J. Foss filed Form 4 for Diversey Holdings, Ltd. on 06 Jul 2023.

Key facts

This page summarizes Eric J. Foss's Form 4 filing for Diversey Holdings, Ltd..
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 06 Jul 2023, 16:02.

Change

Previous filing in this sequence was filed on 02 Jun 2023.
Current net transaction value: -$6,346,704.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DSEY transaction

Ordinary Shares, $0.0001 par value

Disposed to Issuer

Transaction value: $1,018,164
Shares: -121,210
Change %: -100%
Price: $8.40
Shares after: 0
Date: 05 Jul 2023
Ownership: Eric J. Foss Revocable Trust Agreement
Footnotes: F1, F2

DSEY transaction

Ordinary Shares, $0.0001 par value

Disposed to Issuer

Transaction value: $5,328,540
Shares: -634,350
Change %: -100%
Price: $8.40
Shares after: 0
Date: 05 Jul 2023
Ownership: Direct
Footnotes: F1, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Eric J. Foss is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote 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").

Footnote 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.

Footnote 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.