Peter A. Feld - Sep 30, 2021 Form 4 Insider Report for GCP Applied Technologies Inc. (GCP)

Role: Director
Signature: /s/ Peter A. Feld
Stock symbol: GCP
Transactions as of: Sep 30, 2021
Transactions value $: $38,755
Form type: 4
Date filed: 10/4/2021, 05:02 PM
Previous filing: Aug 17, 2021
Next filing: Jan 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GCP	Common Stock, $0.01 par value	Award	$38.8K	+1.77K	+10.7%	$21.92	18.3K	Sep 30, 2021	Direct	F1
holding	GCP	Common Stock, $0.01 par value						6.54M	Sep 30, 2021	By Starboard Value LP	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Constitutes deferred shares issued pursuant to the GCP non-employee director compensation program. Shares will be delivered upon the director's departure from the Board, under and subject to the terms of such program.
F2	Starboard Value LP ("Starboard") serves as the investment manager or manager of certain managed accounts and private investment funds (collectively, the "Starboard Accounts"), which hold the securities reported herein and as such may be deemed to beneficially own such securities. The Reporting Person, as a Managing Member of Starboard, may be deemed to beneficially own the securities directly held by the Starboard Accounts for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Content

Constitutes deferred shares issued pursuant to the GCP non-employee director compensation program. Shares will be delivered upon the director's departure from the Board, under and subject to the terms of such program.

Starboard Value LP ("Starboard") serves as the investment manager or manager of certain managed accounts and private investment funds (collectively, the "Starboard Accounts"), which hold the securities reported herein and as such may be deemed to beneficially own such securities. The Reporting Person, as a Managing Member of Starboard, may be deemed to beneficially own the securities directly held by the Starboard Accounts for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.