SEC Form 4 · accession 0001209191-18-019418
Primo Water Corp · PRMW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Sheehan
Officer — President and CEO · Director
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 7:06 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 | Jun 30, 2017 | A | 1,036 | $10.44 | A | 107,255 | D | |
| Common Stock | Jan 19, 2018 | G | 7,850 | $0.00 | D | 361,870 | D | |
| Common Stock | Mar 9, 2018 | P | 85 | $12.00 | A | 361,955 | D | |
| Common StockF2 | Mar 9, 2018 | A | 16,572 | $0.00 | A | 378,527 | D | |
| Common StockF3 | Mar 9, 2018 | F | 4,951 | $11.95 | D | 373,576 | D | |
| Common StockF4 | Mar 12, 2018 | F | 1,434 | $11.95 | D | 372,142 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F6 | — | Mar 9, 2018 | A | 9,000 | A | — | — | Common Stock | 9,000 | 9,000 | D |
Explanation of responses
- F1These shares were acquired under the Primo Water Corporation Employee Stock Purchase Plan, as amended, in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d).
- F2These restricted stock units may only be settled in stock and vest immediately.
- F3Shares withheld to satisfy tax withholding requirements on the vesting of restricted stock units on March 9, 2018.
- F4Shares withheld to satisfy tax withholding requirements on the vesting of restricted stock units on March 11, 2018.
- F5Each restricted stock unit represents a contingent right to receive one share of common stock.
- F6These restricted stock units vest in equal annual installments on March 9 of 2019, 2020 and 2021.