SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
NEWLIN STEPHEN D

(Last) (First) (Middle)
C/O UNIVAR SOLUTIONS INC.
3075 HIGHLAND PARKWAY, SUITE 200

(Street)
DOWNERS GROVE IL 60515

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Univar Solutions Inc. [ UNVR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/06/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/06/2020 M 10,343 A $0(1) 229,186 D
Common Stock 02/07/2020 M 16,780 A $0(1) 245,966 D
Common Stock 02/20/2020 A 44,530(2) A $0.0000(2) 290,496 D
Common Stock 07/01/2020 F 28,432(3) D $16.66 270,691 D
Common Stock 28,892 I By Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (RSUs)-7 (1) 02/06/2020 M 10,343 (4) (4) Common Stock 10,343 $0.0000 20,687 D
Restricted Stock Units (RSUs)-4 (1) 02/07/2020 M 16,780 (5) (5) Common Stock 16,780 $0.0000 16,780 D
Explanation of Responses:
1. Each restricted stock unit ("RSU") is equivalent to one share of common stock upon vesting.
2. This is a settlement of a non- derivative performance award. In 2018, Mr. Newlin was granted an award of PRSUs ("2018 PRSUs"), split into eight equally-weighted tranches, to be earned based on performance against predetermined Adjusted EBITDA performance goals over eight equally-weighted measurement periods within the three-year period beginning January 1, 2017 and ending December 31, 2019. Each tranche would be deemed earned, if at all, following the certification of performance goal attainment by the Compensation Committee following the applicable performance period and would vest, subject to continued employment through such date, on December 31, 2020. Due to his separation from the company as an executive Tranches 1, 2, 5 and 6 all vested. The shares were held and delivered on July 1, 2020.
3. Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on settlement of restricted stock units. No shares were sold.
4. On February 6, 2018 the reporting person was granted 50,340 restricted stock units, vesting in three equal annual installments beginning on February 6, 2019 subject to the reporting person continuing to be employed through each such date. The shares were held and delivered on July 1, 2020.
5. On February 7, 2019 the reporting person was granted 31,020 restricted stock units, vesting in three equal annual installments beginning on February 7, 2020 subject to the reporting person continuing to be employed through each such date. The shares were held and delivered on July 1, 2020.
/s/ Noelle J. Perkins as Attorney-in-Fact for Stephen D. Newlin 07/06/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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