0000899243-17-007680.txt : 20170315
0000899243-17-007680.hdr.sgml : 20170315
20170315210228
ACCESSION NUMBER: 0000899243-17-007680
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170313
FILED AS OF DATE: 20170315
DATE AS OF CHANGE: 20170315
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NEWELL BRANDS INC
CENTRAL INDEX KEY: 0000814453
STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089]
IRS NUMBER: 363514169
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 221 RIVER STREET
CITY: HOBOKEN
STATE: NJ
ZIP: 07030
BUSINESS PHONE: 770.418.7000
MAIL ADDRESS:
STREET 1: 221 RIVER STREET
CITY: HOBOKEN
STATE: NJ
ZIP: 07030
FORMER COMPANY:
FORMER CONFORMED NAME: NEWELL RUBBERMAID INC
DATE OF NAME CHANGE: 19990329
FORMER COMPANY:
FORMER CONFORMED NAME: NEWELL CO
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: NEW NEWELL CO
DATE OF NAME CHANGE: 19870713
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FRANKLIN MARTIN E
CENTRAL INDEX KEY: 0000940603
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-09608
FILM NUMBER: 17692723
MAIL ADDRESS:
STREET 1: C/O MARIPOSA CAPITAL, LLC
STREET 2: 5200 BLUE LAGOON DRIVE, SUITE 855
CITY: MIAMI
STATE: FL
ZIP: 33126
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2017-03-13
0
0000814453
NEWELL BRANDS INC
NWL
0000940603
FRANKLIN MARTIN E
C/O NEWELL BRANDS
221 RIVER STREET
HOBOKEN
NJ
07030
1
0
0
0
Common Stock
2017-03-13
4
S
0
200000
48.48
D
4840926
D
Common Stock
2017-03-14
4
S
0
140000
48.13
D
4700926
D
On March 14, 2017, the reporting person reported the sale in an open market transaction of 340,000 shares, an amount estimated to be approximately equivalent to previously pledged shares that are expected to be returned to the reporting person pursuant to a previously disclosed collar arrangement entered into in the second quarter of 2016 scheduled to settle on March 17, 2017. The collar arrangement obligated the reporting person to deliver to unaffiliated third party purchasers up to 2,979,963 shares of NWL common stock on the expiration date of the contract. In exchange for assuming this obligation, the reporting person will receive a cash payment of $128.7 million as of the date of settlement of the contract.
(Continued from footnote 1) The reporting person pledged 2,979,963 shares of NWL common stock (the "Pledged Shares") to secure his obligation under the contract, and retained dividend and voting rights in the Pledged Shares during the term of the pledge. The reporting person estimated that approximately 2.64 million shares will be transferred to the purchasers on the settlement date and therefore requested that the remaining approximately 340,000 Pledged Shares be sold in an open market transaction.
/s/ Michael Peterson, attorney-in-fact for Martin E. Franklin
2017-03-15