Sec Form 4 Filing - NEWLIN STEPHEN D @ Univar Solutions Inc. - 2020-02-06

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
NEWLIN STEPHEN D
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)
(Last) (First) (Middle)
C/O UNIVAR SOLUTIONS INC., 3075 HIGHLAND PARKWAY, SUITE 200
3. Date of Earliest Transaction (MM/DD/YY)
02/06/2020
(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 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 ( 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 (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
Restricted Stock Units (RSUs)-7 ( 1 ) 02/06/2020 M 10,343 ( 4 ) ( 4 ) Common Stock 10,343 $ 0 20,687 D
Restricted Stock Units (RSUs)-4 ( 1 ) 02/07/2020 M 16,780 ( 5 ) ( 5 ) Common Stock 16,780 $ 0 16,780 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
NEWLIN STEPHEN D
C/O UNIVAR SOLUTIONS INC.
3075 HIGHLAND PARKWAY, SUITE 200
DOWNERS GROVE, IL60515
X
Signatures
/s/ Noelle J. Perkins as Attorney-in-Fact for Stephen D. Newlin 07/06/2020
Signature of Reporting Person Date
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.

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