Jonathan A. Seiffer - Oct 21, 2024 Form 4 Insider Report for SIGNET JEWELERS LTD (SIG)

Role: Director
Signature: /s/ Andrew C. Goldberg, attorney-in-fact
Stock symbol: SIG
Transactions as of: Oct 21, 2024
Transactions value $: -$10,173,125
Form type: 4
Date filed: 10/23/2024, 04:05 PM
Previous filing: Oct 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SIG	Common Shares, par value $0.18						24.7K	Oct 21, 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SIG	Series A Convertible Preference Shares	Sale	-$10.2M	-103K	-100%	$99.25	0	Oct 21, 2024	Common Shares	284K	$78.78	See footnote.	F2, F3, F4, F5, F6, F7, F8

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

Explanation of Responses:

Id	Content
F1	Represents Common Shares owned by Mr. Seiffer and held for the benefit of Leonard Green & Partners, L.P. ("LGP"), and includes 1,641 restricted stock units, which are subject to certain vesting and forfeiture provisions.
F2	Series A Convertible Preference Shares, par value $0.01 per share ("Series A Preference Shares").
F3	The Series A Preference Shares have a stated value of $1,050.94 per share and are convertible into Common Shares of the issuer at a current conversion price of $78.7817 per share at a conversion ratio of 12.6933 Common Shares per Series A Preference Share. The conversion ratio is subject to certain anti-dilution and other adjustments and is subject to change. Since the acquisition of the Series A Preference Shares, the conversion rate has been adjusted as a result of these anti-dilution adjustments.
F4	On October 8, 2024 Green Equity Investors VI, L.P. ("GEI VI"), Green Equity Investors Side VI, L.P. ("GEI Side VI"), LGP Associates VI-A LLC ("Associates VI-A") and LGP Associates VI-B LLC ("Associates VI-B") delivered notice to the issuer of a conversion of 102,500 Series A Preference Shares (in the aggregate) for cash in accordance with the terms of the Certificate of Designation of the Series A Preference Shares (the "Certificate of Designation"). Of the 102,500 Series A Preference Shares converted, GEI VI converted 63,553 Series A Preference Shares, GEI Side VI converted 37,878 Series A Preference Shares, Associates VI-A converted 77 Series A Preference Shares, and Associates VI-B converted 992 Series A Preference Shares. The conversion was settled in cash by the issuer for approximately $135.3 million, based on the volume weighted average share price on the date of the conversion notice, which was $99.25 per Common Share, pursuant to the terms of the Certificate of Designation.
F5	Immediately.
F6	The Series A Preference Shares do not have an expiration date.
F7	GEI VI, GEI Side VI, Associates VI-A, and Associates VI-B are the direct owners of the shares reported herein.
F8	Mr. Seiffer directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of the shares owned by GEI VI, GEI Side VI, Associates VI-A and Associates VI-B. Mr. Seiffer disclaims beneficial ownership of the shares reported herein except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.