Sec Form 4 Filing - Jukes David @ Univar Solutions Inc. - 2023-08-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Jukes David
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
X __ Officer (give title below) _____ Other (specify below)
President, CEO
(Last) (First) (Middle)
C/O UNIVAR SOLUTIONS, 3075 HIGHLAND PARKWAY, SUITE 200
3. Date of Earliest Transaction (MM/DD/YY)
08/01/2023
(Street)
DOWNERS GROVE, IL60515
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 08/01/2023 D 379,493 ( 1 ) D $ 36.15 ( 1 ) 0 D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Performance-Based Restricted Stock Units ( 2 ) 08/01/2023 D 53,046 ( 2 ) ( 2 ) Common Stock 53,046 $ 36.15 0 D
Restricted Stock Units - 23 ( 2 ) 08/01/2023 D 68,320 ( 2 ) ( 2 ) Common Stock 68,320 $ 36.15 0 D
Restricted Stock Units (RSUs) ( 2 ) 08/01/2023 D 36,837 ( 2 ) ( 2 ) Common Stock 36,837 $ 36.15 0 D
Restricted Stock Units- 22 ( 2 ) 08/01/2023 D 55,220 ( 2 ) ( 2 ) Common Stock 55,220 $ 36.15 0 D
Stock Options (right to buy) $ 28.73 08/01/2023 D 51,050 ( 2 ) 02/02/2027 Common Stock 51,050 $ 36.15 0 D
Stock Options (right to buy) $ 26.82 08/01/2023 D 44,390 ( 2 ) 02/07/2028 Common Stock 44,390 $ 36.15 0 D
Stock Options (right to buy) $ 22.94 08/01/2023 D 61,274 ( 2 ) 02/21/2030 Common Stock 61,274 $ 36.15 0 D
Stock Options (right to buy) $ 28.3 08/01/2023 D 53,957 ( 2 ) 05/09/2028 Common Stock 53,957 $ 36.15 0 D
Stock Options (right to buy) $ 19.85 08/01/2023 D 128,103 11/30/2010 03/28/2021 Common Stock 128,103 $ 36.15 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Jukes David
C/O UNIVAR SOLUTIONS
3075 HIGHLAND PARKWAY, SUITE 200
DOWNERS GROVE, IL60515
X President, CEO
Signatures
/s/ David Jukes 08/03/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares of Univar Solutions Inc. ("Univar") common stock disposed of in connection with the Agreement and Plan of Merger ("Merger Agreement"), dated as of March 13, 2023, by and among Univar and affiliates of funds managed by Apollo Global Management, Inc. In accordance with the Merger Agreement, at the effective time, each share of Univar common stock held by the reporting person was converted into the right to receive $36.15 in cash (the "Merger Consideration"). In addition, pursuant to a Rollover Agreement (the "Rollover Agreement"), among Windsor Management Holdings, L.P. ("Parent"), Windsor Holdings One, Inc. ("Windsor One"), and the reporting person and affiliates of the reporting person, the reporting person contributed shares, at a value of $36.15 per share, to Windsor One and subsequently contributed shares of Windsor One to Parent in exchange for a number common and preferred units of Parent calculated pursuant to the Rollover Agreement.
( 2 )In accordance with the Merger Agreement, at the effective time, each restricted stock unit award, other than performance-based restricted stock units ("PRSU Awards"), and stock option ("Option") was cashed out based on the Merger Consideration (and less the exercise price, in the case of each Option). Each PRSU Award became fully vested with respect to a number of shares equal to: (a) for each such award granted in 2021, 170% of the target number of shares covered by the award, (b) for each such award granted in 2022, 150% of the target number of shares covered by the award and (c) for each such award granted on or following January 1, 2023, the target number of shares covered by such award. To the extent that a PRSU Award became vested, the PRSU Award was cashed out based on the Merger Consideration.

Remarks:
In connection with the transaction, the reporting person ceased to be a Section 16 reporting person.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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