SEC Form 4 · accession 0001209191-18-003443
Primo Water Corp · PRMW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J Mills
Officer — Vice President Finance
Period of report
Jan 10, 2018
Accepted (ET)
Jan 12, 2018 · 4:41 pm EST
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 Stock | Dec 6, 2017 | G | 388 | $0.00 | D | 31,199 | D | |
| Common StockF1 | Jan 10, 2018 | M | 28,982 | $0.00 | A | 60,181 | D | |
| Common StockF1 | Jan 10, 2018 | M | 66,551 | $0.00 | A | 126,732 | D | |
| Common StockF2 | Jan 10, 2018 | F | 42,979 | $0.00 | D | 83,753 | 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 UnitsF3,F4 | — | Jan 10, 2018 | M | 28,982 | D | — | — | Common Stock | 28,982 | 86,946 | D |
| Deferred Stock UnitsF3,F5 | — | Jan 10, 2018 | M | 66,551 | D | — | — | Common Stock | 66,551 | 0 | D |
Explanation of responses
- F1Represents shares of common stock received upon vesting of deferred stock units on January 10, 2018.
- F2Shares withheld to satisfy tax withholding requirements on the vesting of deferred stock units on January 10, 2018.
- F3Each deferred stock unit has a value as of a given date equal to the fair market value of one share of Primo Water Corporation common stock.
- F428,982 deferred stock units were delivered on January 10, 2018. The remaining 86,946 deferred stock units are to be delivered in equal annual installments in January of each of 2019, 2020 and 2021.
- F566,551 deferred stock units were delivered on January 10, 2018.