0001209191-19-048267.txt : 20190904
0001209191-19-048267.hdr.sgml : 20190904
20190904174213
ACCESSION NUMBER: 0001209191-19-048267
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190831
FILED AS OF DATE: 20190904
DATE AS OF CHANGE: 20190904
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Collins James C. Jr.
CENTRAL INDEX KEY: 0001625045
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38710
FILM NUMBER: 191075631
MAIL ADDRESS:
STREET 1: 1007 MARKET STREET
STREET 2: D-9058
CITY: WILMINGTON
STATE: DE
ZIP: 19898
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Corteva, Inc.
CENTRAL INDEX KEY: 0001755672
STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100]
IRS NUMBER: 824979096
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 974 CENTRE ROAD
STREET 2: BUILDING 735
CITY: WILMINGTON
STATE: DE
ZIP: 19805
BUSINESS PHONE: (302) 485-3000
MAIL ADDRESS:
STREET 1: 974 CENTRE ROAD
STREET 2: BUILDING 735
CITY: WILMINGTON
STATE: DE
ZIP: 19805
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-08-31
0
0001755672
Corteva, Inc.
CTVA
0001625045
Collins James C. Jr.
C/O CORTEVA, INC.
974 CENTRE ROAD, CRP 735
WILMINGTON
DE
19805
1
1
0
0
Chief Executive Officer
Common Stock
2019-08-31
4
F
0
11105
29.645
D
410109.7397
D
Non-Qualified Stock Options
32.36
2022-02-03
Common Stock
27837
27837
D
Non-Qualified Stock Options
26.76
2026-02-02
Common Stock
82464
82464
D
Non-Qualified Stock Options
34.68
2027-02-01
Common Stock
131943
131943
D
Non-Qualified Stock Options
41.94
2028-02-14
Common Stock
75463
75463
D
Phantom Stock Units
Common Stock
0.8593
0.8593
D
Represents shares withheld by the Issuer to pay taxes due following the vesting of performance share units that had been earned but remained subject to service-based vesting requirements.
On June 1, 2019, the Reporting Person received a dividend of one (1) share of Corteva, Inc. common stock for every three (3) shares of DowDuPont Inc. held by the Reporting Person, and the Reporting Person's equity awards denominated in DowDuPont common stock were adjusted, in part, into equity awards denominated in Corteva common stock, all as described in Corteva's Registration Statement on Form 10 filed with the Securities and Exchange Commission on May 6, 2019. This amount includes shares of Issuer common stock received in connection with the separation in an exempt transaction pursuant to Rule 16a-9, including restricted stock units and related dividend equivalent units.
In connection with the separation, certain outstanding DowDuPont stock options were converted into awards of options to purchase shares of the Issuer's common stock in an exempt transaction pursuant to Rule 16a-9. The number of shares and exercise prices of each option award were adjusted in a manner intended to preserve the economic/intrinsic value of the original DowDuPont stock option.
This option is fully vested and exercisable.
87,962 options are vested and exercisable. The remaining options will vest on February 2, 2020.
25,154 options are vested and exercisable. The remaining options will vest in two equal installments on February 15, 2020 and February 15, 2021.
Represents phantom stock units held under the Issuer's Retirement Savings Restoration Plan.
There is generally no conversion price for these phantom stock units. Each phantom stock unit is the equivalent of one share of common stock of the Issuer.
Phantom stock units are payable in cash in lump sum or installments at the election of the Reporting Person, and do not carry an exercisable date or expiration date.
/s/Abigail Jarrell, attorney-in-fact
2019-09-04