SEC Form 4 · accession 0001209191-18-019419
Primo Water Corp · PRMW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Cauthen
Officer — Vice President Finance
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 7:13 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 9, 2018 | A | 1,965 | $0.00 | A | 4,650 | D | |
| Common StockF2 | Mar 9, 2018 | F | 692 | $11.95 | D | 3,958 | D | |
| Common StockF3 | Mar 11, 2018 | M | 1,250 | $0.00 | A | 5,208 | D | |
| Common StockF4 | Mar 12, 2018 | F | 440 | $11.95 | D | 4,768 | 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 | 4,000 | A | — | — | Common Stock | 4,000 | 4,000 | D |
| Restricted Stock UnitsF5,F7 | — | Mar 11, 2018 | M | 1,250 | D | — | — | Common Stock | 1,250 | 1,250 | D |
Explanation of responses
- F1These restricted stock units may only be settled in stock and vest immediately.
- F2Shares withheld to satisfy tax withholding requirements on the vesting of restricted stock units on March 9, 2018.
- F3Represents shares of common stock received upon vesting of a restricted stock unit award.
- 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.
- F7These restricted stock units vest in equal annual installments on March 11 of 2017, 2018 and 2019.