0000225648-21-000151.txt : 20211201
0000225648-21-000151.hdr.sgml : 20211201
20211201162048
ACCESSION NUMBER: 0000225648-21-000151
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211130
FILED AS OF DATE: 20211201
DATE AS OF CHANGE: 20211201
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HOLSTEN JOSEPH M
CENTRAL INDEX KEY: 0001263332
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06732
FILM NUMBER: 211463235
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: COVANTA HOLDING CORP
CENTRAL INDEX KEY: 0000225648
STANDARD INDUSTRIAL CLASSIFICATION: COGENERATION SERVICES & SMALL POWER PRODUCERS [4991]
IRS NUMBER: 956021257
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 445 SOUTH STREET
CITY: MORRISTOWN
STATE: NJ
ZIP: 07960
BUSINESS PHONE: 862-345-5000
MAIL ADDRESS:
STREET 1: 445 SOUTH STREET
CITY: MORRISTOWN
STATE: NJ
ZIP: 07960
FORMER COMPANY:
FORMER CONFORMED NAME: DANIELSON HOLDING CORP
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: MISSION INSURANCE GROUP INC
DATE OF NAME CHANGE: 19900826
FORMER COMPANY:
FORMER CONFORMED NAME: MISSION EQUITIES CORP
DATE OF NAME CHANGE: 19770921
4
1
wf-form4_163839363625828.xml
FORM 4
X0306
4
2021-11-30
1
0000225648
COVANTA HOLDING CORP
CVA
0001263332
HOLSTEN JOSEPH M
C/O LKQ CORPORATION
500 W. MADISON ST. #2800
CHICAGO
IL
60661
1
0
0
0
Common Stock, $.10 par value
2021-11-30
4
D
0
130575
D
0
D
Restricted Stock Units
2021-11-30
4
D
0
42073
D
Common Stock, $.10 par value
42073.0
0
D
Option to purchase common stock (right to buy)
20.58
2021-11-30
4
D
0
25000
D
2024-07-08
Common Stock, $.10 par value
25000.0
0
D
Pursuant to the merger agreement between EQT Infrastructure and the Issuer, effective as of the date of the merger these shares of the Issuer's common stock were canceled and converted into the right to receive $20.25 in cash per share (the "Merger Consideration").
The restricted stock units were canceled in the merger and converted into the right to receive a cash payment equal to the product of (i) the total number of shares of the Issuer's common stock underlying the restricted stock units multiplied by (ii) the Merger Consideration.
50% of the options vested on the grant date of July 8, 2014 and 50% of the options vested on the first anniversary of the grant date. The options could not be exercised before January 8, 2015.
Pursuant to the Merger Agreement, these outstanding vested stock options were cancelled without any payment to the reporting person, since the exercise price was greater than the Merger Consideration.
/s/ Joseph M. Holsten
2021-12-01