Simon R Vernon, Triton International Ltd's President and a director of the company, has just filed an initial statement of beneficial ownership where 62,968 shares of Triton International Ltd were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Vernon. Vernon operates out of Purchase, NY. Some additional info was provided as follows:
78,843.63 shares of Triton Container International Limited ("Triton") held in the name of the Ogier Employee Benefit Trustee Limited in its capacity as trustee of the Third Triton Sub-Trust for benefit of Mr. Simon R. Vernon were exchanged for 62,968 shares of Issuer pursuant to the Transaction Agreement dated November 9, 2015 between Triton, Issuer, TAL I
nternational Group, Inc. ("TAL"), Ocean Bermuda Sub Limited ("Bermuda Sub"), and Ocean Delaware Sub, Inc. ("Delaware Sub") in which Bermuda Sub merged with and into Triton and Triton surviving the merger as a wholly owned subsidiary of Issuer and Delaware Sub merged with and into TAL and TAL surviving the merger as a wholly owned subsidiary of Issuer.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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