SEC Form 4 · accession 0001246360-18-001281
Gates Industrial Corp Ltd. · GTES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M Wisniewski
Officer — Chief Accounting Officer
Period of report
Apr 9, 2018
Accepted (ET)
Apr 10, 2018 · 5:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001718512
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1 | Apr 9, 2018 | A | 7,557 | $0.00 | A | 7,557 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F2 | $16.54 | Apr 9, 2018 | A | 19,500 | A | — | Apr 8, 2028 | Ordinary Shares | 19,500 | 19,500 | D |
Explanation of responses
- F1Represents time-based restricted stock units ("TBRSU") which, subject to the applicable award agreement, vest in the following increments: 1,889 on April 8, 2019; 1,889 on April 8, 2020; 1,889 on April 8, 2021 and 1890 on April 8, 2022. Each TBRSU represents a contingent right to receive one ordinary share of the registrant.
- F2Subject to the applicable award agreement, this award vests in the following increments: 4,875 on April 8, 2019; 4,875 on April 8, 2020; 4,875 on April 8, 2021 and 4,875 on April 8, 2022.