SEC Form 4 · accession 0001209191-18-034883
Primo Water Corp · PRMW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David W. Hass
Officer — Chief Strategy Officer
Period of report
May 31, 2018
Accepted (ET)
Jun 1, 2018 · 8:22 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 | 1,393 | $10.44 | A | 108,905 | D | |
| Common StockF2 | May 31, 2018 | M | 2,000 | $0.00 | A | 110,905 | D | |
| Common StockF3 | May 31, 2018 | F | 598 | $16.98 | D | 110,307 | D | |
| Common StockF4 | holding | — | — | — | 16,901 | I | See Footnote | |
| Common StockF5 | holding | — | — | — | 5,250 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F7 | — | May 31, 2018 | M | 2,000 | D | — | — | Common Stock | 2,000 | 6,000 | 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(d) and Rule 16b-3(c).
- F2Represents shares of common stock received upon vesting of a restricted stock unit award.
- F3Represents shares of common stock withheld to pay taxes upon the vesting of a restricted stock unit award.
- F4Held by David W. Hass Living Trust, of which David Hass is a trustee.
- F5These shares of common stock are owned by HB Capital LLC, of which David Hass is a member. Mr. Hass may be deemed an indirect beneficial owner of the securities held directly by HB Capital LLC. Mr. Hass disclaims beneficial ownership of the securities held directly by HB Capital LLC, except to the extent of his pecuniary interest therein.
- F6Each restricted stock unit represents a contingent right to receive one share of common stock.
- F7Represents a restricted stock unit award granted on May 31, 2017 that partially vested on May 31, 2018. The restricted stock units vest in four equal annual installments beginning on May 31, 2018.