SEC FORM 4/A 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*
Saligram Ravichandra Krishnamurty

(Last) (First) (Middle)
C/O NEWELL BRANDS INC.
6655 PEACHTREE DUNWOODY ROAD

(Street)
ALTANTA GA 30328

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NEWELL BRANDS INC. [ NWL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
10/02/2019
4. If Amendment, Date of Original Filed (Month/Day/Year)
10/04/2019
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
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
Options (Right to Buy) $17.79 10/02/2019 A 1,333,333 (1) (2) Common Stock 1,333,333 $0 1,333,333(3) D
Explanation of Responses:
1. The Reporting Person becomes eligible for vesting of the entire option award when the Company's closing stock price (as reported on the Nasdaq Stock Exchange) for any 30 continuous calendar day period between the 18 calendar month and third anniversary of the grant date exceeds 125% of the closing stock price of the Company's common stock on July 29, 2019 (the "Performance Criteria"). Upon the Performance Criteria being met, the options shall vest and become exercisable in 3 equal installments on the 18 month, second and third anniversaries of the Reporting Person's grant date. If the Performance Criteria are not satisfied as of any of the aforementioned vesting dates, then vesting for the portion of the option otherwise scheduled to vest on such vesting date will occur on the fifth business day following the date on which the Performance Criteria are satisfied.
2. Options expire on the tenth anniversary of the grant date. If the Reporting Person's employment with the Company terminates due to death, disability or retirement, then the options shall continue to vest as stated above, subject to the Performance Criteria, and shall instead expire on the third anniversary of the later of the Reporting Person's: (i) termination of employment or (ii) applicable vesting date, provided that any such date shall occur prior to the tenth anniversary of the grant date.
3. This Form 4 is being amended to report that the Company's Compensation and Human Capital Committee certified that the Performance Criteria for the above-reported option grant have been met. Accordingly, the first installment of the above-referenced option grant, consisting of 444,444 options, vested pursuant to the terms of the grant agreement. The vested options remain unexercised.
Remarks:
/s/ Raj Dave, Attorney in Fact for Ravichandra K. Saligram 06/09/2021
** 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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