Key facts
- This page summarizes Samuel Zell's Form 4 filing for COVANTA HOLDING CORP.
- 7 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 01 Dec 2021, 15:18.
Samuel Zell - 30 Nov 2021 Form 4 Insider Report for COVANTA HOLDING CORP
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 30 Nov 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 01 Dec 2021, 15:18:19 UTC
- Prior SEC filing
- 24 Sep 2021
- Next SEC filing
- 25 Jan 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Samuel Zell
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Samuel Zell filed Form 4 for COVANTA HOLDING CORP on 01 Dec 2021.
Change
- Previous filing in this sequence was filed on 24 Sep 2021.
- Current net transaction value: $0.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CVA
transaction
Common Stock, $.10 par value
Disposed to Issuer
- Transaction value
- Shares
- -137,663
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Nov 2021
- Ownership
- Direct
- Footnotes
- F1
CVA
transaction
Common Stock, $.10 par value
Disposed to Issuer
- Transaction value
- Shares
- -7,734,804
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Nov 2021
- Ownership
- Refer to footnote 2
- Footnotes
- F1, F2
CVA
transaction
Common Stock, $.10 par value
Disposed to Issuer
- Transaction value
- Shares
- -1,487,209
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Nov 2021
- Ownership
- Refer to footnote 3
- Footnotes
- F1, F3
CVA
transaction
Common Stock, $.10 par value
Disposed to Issuer
- Transaction value
- Shares
- -1,699,669
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Nov 2021
- Ownership
- Refer to footnote 4
- Footnotes
- F1, F4
CVA
transaction
Common Stock, $.10 par value
Disposed to Issuer
- Transaction value
- Shares
- -2,027,500
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Nov 2021
- Ownership
- Refer to footnote 5
- Footnotes
- F1, F5
CVA
transaction
Common Stock, $.10 par value
Disposed to Issuer
- Transaction value
- Shares
- -25,418
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Nov 2021
- Ownership
- Refer to footnote 6
- Footnotes
- F1, F6
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CVA
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- Shares
- -240,591
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Nov 2021
- Ownership
- Direct
- Underlying class
- Common Stock, $.10 par value
- Underlying amount
- 240,591
- Exercise price
- Footnotes
- F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Samuel Zell is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 7 footnotes
Footnote F1
Pursuant to the merger agreement between EQT Infrastructure and the Issuer, effective as of the date of the merger these shares of the Issuer's common stock were canceled and converted into the right to receive $20.25 in cash per share (the "Merger Consideration").
Footnote F2
Such shares are beneficially owned by SZ Investments, L.L.C. ("SZI"). SZI is indirectly owned by trusts established for the benefit of Samuel Zell and members of his family (the "Trusts"). The Trustee of the Trusts is Chai Trust Company, LLC, of which Samuel Zell is neither an officer nor a director, and thus he disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Footnote F3
Such shares are beneficially owned by certain charitable foundations established by Samuel Zell and members of his family (the "Zell Family Foundations"). Chai Trust Company, LLC is the investment manager of each of the Zell Family Foundations. Samuel Zell disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Footnote F4
Such shares are beneficially owned by certain Trusts and thus Samuel Zell disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Footnote F5
Such shares are beneficially owned by EGI-Fund (05-07) Investors, L.L.C. ("05-07"), which is indirectly owned by the Trusts and thus Samuel Zell disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Footnote F6
Such shares of Common Stock are beneficially owned by the Helen Zell Revocable Trust ("HZRT"). Samuel Zell's spouse, Helen Zell, is the trustee of HZRT. Samuel Zell disclaims beneficial ownership of such shares held by HZRT except to the extent of his pecuniary interest therein.
Footnote F7
These restricted stock units, which represented the contingent right to receive one share of Issuer's common stock, were canceled in the merger and converted into the right to receive a cash payment equal to the product of (i) the total number of shares of the Issuer's common stock underlying the restricted stock units multiplied by (ii) the Merger Consideration.