3G Restaurant Brands Holdings General Partner Ltd. - Aug 5, 2021 Form 4 Insider Report for Restaurant Brands International Limited Partnership (QSP.UN)

Role
10%+ Owner
Signature
/s/ Bernardo Piquet
Stock symbol
QSP.UN
Transactions as of
Aug 5, 2021
Transactions value $
$0
Form type
4
Date filed
8/6/2021, 05:20 PM
Next filing
Aug 25, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSP.UN Exchangeable units Conversion of derivative security $0 -9.61M -6.75% $0.00 133M Aug 5, 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restaurant Brands International Limited Partnership ("RBI LP") exchangeable unit (the "exchangeable units") is convertible, at the Reporting Person's election, into common shares (the "common shares") of Restaurant Brands International Inc. ("RBI") or a cash amount determined by reference to the weighted average trading price of RBI's common shares on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date, at the sole discretion of the general partner of RBI LP (subject to the consent of the RBI conflicts committee, in certain circumstances). This conversion right has no expiration date.
F2 3G Restaurant Brands Holdings General Partner Ltd. is the general partner of 3G Restaurant Brands Holdings LP ("3G RBH"). Accordingly, 3G Restaurant Brands Holdings General Partner Ltd. may be deemed to have voting and dispositive power with respect to the reported securities held by 3G RBH. 3G Restaurant Brands Holdings General Partner Ltd. disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, or for any other purpose.
F3 Pursuant to the terms of the limited partnership agreement of RBI LP, 3G RBH delivered to RBI LP an exchange notice to exchange in aggregate 9,608,744 exchangeable units held by 3G RBH (the "Exchange"). The exchange notice became irrevocable on August 5, 2021 with respect to 9,608,744 Exchangeable Units. The Exchange will be effected on or before August 24, 2021.