SEC Form 4 · accession 0001209191-19-018994
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
Mar 8, 2019
Accepted (ET)
Mar 12, 2019 · 7:22 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 | Mar 9, 2019 | M | 2,000 | $0.00 | A | 140,845 | D | |
| Common StockF2 | Mar 9, 2019 | F | 699 | $15.29 | D | 140,146 | D | |
| Common StockF3 | Mar 11, 2019 | M | 2,500 | $0.00 | A | 142,646 | D | |
| Common StockF4 | Mar 11, 2019 | F | 875 | $15.94 | D | 141,771 | D | |
| Common StockF5 | holding | — | — | — | 16,901 | I | See Footnote | |
| Common StockF6 | 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 UnitsF7,F8 | — | Mar 8, 2019 | A | 5,000 | A | — | — | Common Stock | 5,000 | 5,000 | D |
| Restricted Stock UnitsF7,F9 | — | Mar 9, 2019 | M | 2,000 | D | — | — | Common Stock | 2,000 | 4,000 | D |
| Restricted Stock UnitsF7,F10 | — | Mar 11, 2019 | M | 2,500 | D | — | — | Common Stock | 2,500 | 0 | D |
Explanation of responses
- F1Represents shares of common stock received upon vesting of a restricted stock unit award on March 9, 2019.
- F10These restricted stock units vest in equal annual installments on March 11 of 2017, 2018 and 2019.
- F2Represents shares of stock withheld to pay taxes upon the vesting of a restricted stock unit award on March 9, 2019.
- F3Represents shares of common stock received upon vesting of a restricted stock unit award on March 11, 2019.
- F4Represents shares of stock withheld to pay taxes upon the vesting of a restricted stock unit award on March 11, 2019.
- F5Held by David W. Hass Living Trust, of which David Hass is a trustee.
- F6These 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.
- F7Each restricted stock unit represents a contingent right to receive one share of common stock.
- F8These restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
- F9These restricted stock units vest in equal annual installments on March 9 of 2019, 2020 and 2021.