SEC Form 4 · accession 0001209191-16-108640
Primo Water Corp · PRMW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Castaneda
Officer — Chief Financial Officer
Period of report
Mar 11, 2016
Accepted (ET)
Mar 15, 2016 · 6:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001365101
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 11, 2016 | A | 4,524 | $0.00 | A | 159,115 | D | |
| Common StockF2,F3 | Mar 11, 2016 | A | 12,500 | $0.00 | A | 171,615 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF4,F5 | — | Mar 11, 2016 | A | 607,008 | A | — | — | Common Stock | 607,008 | 607,008 | D |
Explanation of responses
- F1These restricted stock units may only be settled in stock and vest immediately.
- F2These restricted stock units may only be settled in stock and vest in equal annual installments on March 11 of each of 2017, 2018 and 2019.
- F3Includes 12,500 restricted stock units that vest in equal annual installments on March 11 of each of 2017, 2018 and 2019.
- F4Each deferred stock unit has a value as of a given date equal to the fair market value of one share of PRMW common stock.
- F5These deferred stock units are to be delivered in equal annual installments in January of each of 2017, 2018, 2019, 2020 and 2021.