Form 4: Access Industries Entities Adjust LyondellBasell Holdings Through Share Distributions

AI Investments Holdings LLC and related entities report adjustments to their holdings in LyondellBasell Industries N.V. (LYB) through share distributions, with no monetary consideration involved.

Summary

• AI Investments Holdings LLC and related entities, including Access Industries Holdings LLC, Access Industries, LLC, Access Industries Management, LLC, and Len Blavatnik, filed a Form 4 detailing changes in their beneficial ownership of LyondellBasell Industries N.V. (LYB) ordinary shares.
• The changes involve distributions of shares from Altep 2010 L.P. and Altep 2014 L.P. to AI Altep Investments LLC and other limited partners, without any monetary consideration.
• These distributions resulted in adjustments to the number of shares held directly by various entities, including Altep 2010, AI Altep Investments LLC, Altep 2014, AI Chemical Holdings LLC (AICH), AIPH Holdings LLC (AIPH), AI Investments Holdings LLC (AIIH), AI European Holdings L.P. (AIEH) and LYB Holdco LLC.
• The reporting persons disclaim beneficial ownership of these securities except to the extent of their pecuniary interest.
• As of the report, AI Investments Holdings LLC directly holds 765,996 ordinary shares.
• Other entities hold significant indirect ownership, including 41,195,179 shares by LYB Holdco LLC, 16,000,000 shares by AI European Holdings L.P., 5,655,466 shares by AI Chemical Holdings LLC and 1,464,610 shares by AIPH Holdings LLC.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing share distributions, with no inherent positive or negative sentiment. It's a factual report of transactions.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market regarding their transactions.

Stakeholder Impact

• The share distributions may have a minor impact on shareholders due to the change in ownership percentages, but the overall impact is likely minimal as the underlying ownership structure remains largely consistent.

Key Dates