Statement of Changes in Beneficial Ownership (4)
02 December 2021 - 8:18AM
Edgar (US Regulatory)
FORM 4
[X]
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 OF SECURITIES
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3235-0287
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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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1. Name and Address of Reporting Person
*
ZELL SAMUEL |
2. Issuer Name and Ticker or Trading Symbol
COVANTA HOLDING CORP
[
CVA
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
TWO N. RIVERSIDE PLAZA, SUITE 600 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/30/2021 |
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(Street)
CHICAGO, IL 60606
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock, $.10 par value | 11/30/2021 | | D | | 137663 | D | (1) | 0 | D | |
| Common Stock, $.10 par value | 11/30/2021 | | D | | 7734804 | D | (1) | 0 | I (2) | Refer to footnote 2 |
| Common Stock, $.10 par value | 11/30/2021 | | D | | 1487209 | D | (1) | 0 | I (3) | Refer to footnote 3 |
| Common Stock, $.10 par value | 11/30/2021 | | D | | 1699669 | D | (1) | 0 | I (4) | Refer to footnote 4 |
| Common Stock, $.10 par value | 11/30/2021 | | D | | 2027500 | D | (1) | 0 | I (5) | Refer to footnote 5 |
| Common Stock, $.10 par value | 11/30/2021 | | D | | 25418 | D | (1) | 0 | I (6) | Refer to footnote 6 |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 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 | (7) | 11/30/2021 | | D | | | 240591 | (7) | (7) | Common Stock, $.10 par value | 240591.0 | (7) | 0 | D | |
| Explanation of Responses: |
| (1) | 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"). |
| (2) | Such shares are beneficially owned by SZ Investments, L.L.C. ("SZI"). SZI is indirectly owned by trusts established for the benefit of Samuel Zell and members of his family (the "Trusts"). The Trustee of the Trusts is Chai Trust Company, LLC, of which Samuel Zell is neither an officer nor a director, and thus he disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |
| (3) | Such shares are beneficially owned by certain charitable foundations established by Samuel Zell and members of his family (the "Zell Family Foundations"). Chai Trust Company, LLC is the investment manager of each of the Zell Family Foundations. Samuel Zell disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |
| (4) | Such shares are beneficially owned by certain Trusts and thus Samuel Zell disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |
| (5) | Such shares are beneficially owned by EGI-Fund (05-07) Investors, L.L.C. ("05-07"), which is indirectly owned by the Trusts and thus Samuel Zell disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |
| (6) | Such shares of Common Stock are beneficially owned by the Helen Zell Revocable Trust ("HZRT"). Samuel Zell's spouse, Helen Zell, is the trustee of HZRT. Samuel Zell disclaims beneficial ownership of such shares held by HZRT except to the extent of his pecuniary interest therein. |
| (7) | These restricted stock units, which represented the contingent right to receive one share of Issuer's common stock, 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. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
ZELL SAMUEL
TWO N. RIVERSIDE PLAZA, SUITE 600
CHICAGO, IL 60606 | X |
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Signatures
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| /s/ Samuel Zell | | 12/1/2021 |
| **Signature of Reporting Person | Date |
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