ORCP III DE TopCo GP, LLC - Nov 8, 2024 Form 3 Insider Report for Primo Brands Corp (PRMB)

Role
10%+ Owner
Signature
ORCP III DE TopCo GP, LLC, By: /s/ Tony W. Lee, Managing Member
Stock symbol
PRMB
Transactions as of
Nov 8, 2024
Transactions value $
$0
Form type
3
Date filed
11/13/2024, 07:44 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PRMB Class A Common Stock 154M Nov 8, 2024 See Footnote F1, F2

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
holding PRMB Class B Common Stock Nov 8, 2024 Class A Common Stock 64.5M See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to that certain Arrangement Agreement and Plan of Merger, dated June 16, 2024 (the "Merger Agreement") by and among Primo Water Corporation ("Primo Water"), Triton Water Parent, Inc. ("BlueTriton"), the Issuer (f/k/a Triton US HoldCo, Inc.), and the other parties thereto, Primo Water and BlueTriton were merged with and into wholly owned subsidiaries of the Issuer, and each issued and outstanding common share of Primo Water and share of common stock of BlueTriton was converted into the Issuer's Class A Common Stock or Class B Common Stock according to the terms of the Merger Agreement.
F2 The securities reported herein are held of record by Triton Water Parent Holdings, LP ("Triton Parent"). ORCP III DE TopCo GP, LLC ("ORC III") is the general partner of Triton Parent. Scott Spielvogel and Tony W. Lee are the managing members of ORC III and share voting and investment discretion with respect to the securities held of record by Triton Parent. Accordingly, each of the persons and entities named herein may be deemed to share beneficial ownership of the securities held of record by Triton Parent. Each of them disclaims any such beneficial ownership except to the extent of their pecuniary interest therein, if any.
F3 The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis, provided that a holder may not convert the Class B Common Stock into shares of Class A Common Stock to the extent that, after giving effect to such conversion, any person or group, or any of their respective affiliates, would beneficially own in excess of 49.0% of the outstanding Class A Common Stock. In addition, the Class B Common Stock will automatically convert into shares of Class A Common Stock upon the earlier of (a) the occurrence of certain conditions in connection with the senior notes issued by Primo Water Holdings, Inc. or (b) 11:59 P.M. Eastern Time on April 30, 2029, as described in the Issuer's amended and restated certificate of incorporation.

Remarks:

Tony W. Lee is filing a separate Form 3 and Form 4 with respect to the securities reported herein.