SEC Form 4 · accession 0001181431-15-007615
COTT CORP /CN/ · COT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Kitching
Officer — President-US Business Unit
Period of report
May 26, 2015
Accepted (ET)
May 28, 2015 · 5:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000884713
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1,F2 | May 26, 2015 | A | 27,778 | $0.00 | A | 145,600 | D | |
| Common Shares | holding | — | — | — | 1,127 | I | by Share Incentive Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2,F3 | $9.00 | May 26, 2015 | A | 85,421 | A | — | May 26, 2025 | Common Shares | 85,421 | 85,421 | D |
Explanation of responses
- F1Represents time-based restricted share units (RSUs), which are contingent rights to receive common shares. RSUs that have not been forfeited shall vest on the last day of Cott's 2017 fiscal year.
- F2On May 4, 2015, the Human Resources and Compensation Committee of the Board of Directors of Cott approved the grant of this award, with a price based on the closing price on the NYSE on May 8, 2015. Such grant was effective on May 26, 2015 upon Mr. Kitching's acceptance of a new employment offer letter with Cott (as described in the Form 8-K filed with the SEC on May 26, 2015).
- F3Represents an option to purchase 85,421 common shares of Cott. The option cliff vests on the last day of Cott's 2017 fiscal year.