SEC Form 4 · accession 0001209191-19-005420
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
Jan 23, 2019
Accepted (ET)
Jan 25, 2019 · 6:10 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 StockF1 | Jun 29, 2018 | A | 213 | $10.68 | A | 374,457 | D | |
| Common StockF1 | Dec 31, 2018 | A | 214 | $10.68 | A | 374,671 | D | |
| Common StockF2 | Jan 23, 2019 | M | 145,148 | $0.00 | A | 519,819 | D | |
| Common StockF3 | Jan 23, 2019 | F | 61,261 | $13.88 | D | 458,558 | 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 UnitsF4,F5 | — | Jan 23, 2019 | M | 145,148 | D | — | — | Common Stock | 145,148 | 290,296 | 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).
- F2Represents shares of common stock received upon vesting of deferred stock units on January 23, 2019.
- F3Shares withheld to satisfy tax withholding requirements on the vesting of deferred stock units on January 23, 2019.
- F4Each 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.
- F5145,148 deferred stock units were delivered on January 23, 2019. The remaining 290,296 deferred stock units are to be delivered in equal annual installments in January of each of 2020 and 2021.