0001213900-22-042724.txt : 20220729
0001213900-22-042724.hdr.sgml : 20220729
20220729094645
ACCESSION NUMBER: 0001213900-22-042724
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220728
FILED AS OF DATE: 20220729
DATE AS OF CHANGE: 20220729
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Johnson William
CENTRAL INDEX KEY: 0001310250
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37548
FILM NUMBER: 221117921
MAIL ADDRESS:
STREET 1: 3005 HIGHLAND PARKWAY
STREET 2: SUITE 200
CITY: DOWNERS GROVE
STATE: IL
ZIP: 60515
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Welbilt, Inc.
CENTRAL INDEX KEY: 0001650962
STANDARD INDUSTRIAL CLASSIFICATION: REFRIGERATION & SERVICE INDUSTRY MACHINERY [3580]
IRS NUMBER: 474625716
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2227 WELBILT BOULEVARD
CITY: NEW PORT RICHEY
STATE: FL
ZIP: 34655
BUSINESS PHONE: (727) 375-7010
MAIL ADDRESS:
STREET 1: 2227 WELBILT BOULEVARD
CITY: NEW PORT RICHEY
STATE: FL
ZIP: 34655
FORMER COMPANY:
FORMER CONFORMED NAME: Manitowoc Foodservice, Inc.
DATE OF NAME CHANGE: 20150813
4
1
ownership.xml
X0306
4
2022-07-28
1
0001650962
Welbilt, Inc.
WBT
0001310250
Johnson William
2227 WELBILT BOULEVARD
NEW PORT RICHEY,
FL
34655
1
1
0
0
President and CEO
Common Stock
2022-07-28
4
D
0
221293
24.00
D
0
D
Common Stock
2022-07-28
4
D
0
30781
24.00
D
0
D
Common Stock
2022-07-28
4
D
0
248884
24.00
D
0
D
Disposed of pursuant to the Agreement and Plan of Merger, dated as of July 14, 2021, by and among the Issuer, Ali Holding S.r.l., an Italian societa a responsabilita limitata ("Ali"), Ali Group North America Corporation, a Delaware corporation and a wholly owned subsidiary of Ali ("Acquiror"), and Ascend Merger Corp. ("Merger Sub"), a Delaware corporation and a wholly owned subsidiary of Acquiror, in exchange for cash consideration of $24.00 per share of common stock of the Issuer (the "Merger Consideration") on the effective date of the merger.
Stock options were canceled in the merger in exchange for an amount in cash equal to the difference between the Merger Consideration of $24.00 and the exercise price of the option.
Represents shares underlying restricted stock units of the Issuer (the "Company RSUs"), which were converted into the right to receive cash in an amount equal to the number of shares of common stock of the Issuer underlying such Company RSUs multiplied by the Merger Consideration.
Represents shares underlying performance stock units of the Issuer (the "Company PSUs"), which were converted into the right to receive cash in an amount equal to the number of shares of common stock of the Issuer underlying such Company PSUs multiplied by the Merger Consideration, assuming the maximum level of performance was achieved.
/s/ Joel H. Horn, as Attorney-in-Fact
2022-07-29