SEC Form 4 · accession 0001209191-18-032313
Primo Water Corp · PRMW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Billy D Prim
Officer — Executive Chairman · Director
Period of report
May 18, 2018
Accepted (ET)
May 22, 2018 · 4:31 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 Stock | May 18, 2018 | X | 917 | $13.04 | A | 1,504,811 | D | |
| Common StockF1 | May 18, 2018 | S | 808 | $14.80 | D | 1,504,003 | D | |
| Common StockF2 | holding | — | — | — | 8,032 | I | See Footnote | |
| Common StockF3 | holding | — | — | — | 4,791 | I | See Footnote | |
| Common StockF4 | holding | — | — | — | 4,791 | I | See Footnote | |
| Common StockF5 | holding | — | — | — | 23,957 | I | See Footnote | |
| Common StockF6 | holding | — | — | — | 23,957 | I | See Footnote | |
| Common StockF7 | holding | — | — | — | 4,791 | I | See Footnote | |
| Common StockF8 | holding | — | — | — | 4,791 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant (right to buy) | $13.04 | May 18, 2018 | X | 917 | D | May 20, 2008 | May 20, 2018 | Common Stock | 917 | 0 | D |
Explanation of responses
- F1On May 18, 2018, Mr. Prim exercised a warrant to purchase 917 shares of the Issuer's common stock for $13.04 per share. Mr. Prim paid the exercise price on a cashless basis, resulting in the Issuer's (i) withholding of 808 of the warrant shares to pay the exercise price, and (ii) issuing to Mr. Prim the remaining 109 shares.
- F2Held by Mr. Prim's spouse.
- F3Held by Billy D. Prim Revocable Trust of which Mr. Prim is the sole trustee.
- F4Held by BD Prim, LLC of which Mr. Prim is the sole manager.
- F5Held by 2010 Irrevocable Trust fbo Sarcanda Westmoreland Bellisimo of which Mr. Prim is the sole trustee.
- F6Held by 2010 Irrevocable Trust fbo Anthony Gray Westmoreland of which Mr. Prim is the sole trustee.
- F7Held by 2010 Irrevocable Trust fbo Jager Gralyn Dean Bellisimo of which Mr. Prim is the sole trustee.
- F8Held by 2010 Irrevocable Trust fbo Joseph Alexander Bellisimo of which Mr. Prim is the sole trustee.