Walter Lifsey - Feb 22, 2022 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Role
Chief Operating Officer
Signature
/s/ Hillary Barrett-Osborne
Stock symbol
GTES
Transactions as of
Feb 22, 2022
Transactions value $
-$108,825
Form type
4
Date filed
2/23/2022, 04:18 PM
Previous filing
Feb 1, 2022
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTES Ordinary Shares Options Exercise $0 +14K +12.78% $0.00 124K Feb 22, 2022 Direct F1
transaction GTES Ordinary Shares Tax liability -$62.5K -4.06K -3.28% $15.41 120K Feb 22, 2022 Direct F2
transaction GTES Ordinary Shares Options Exercise $0 +10.4K +8.67% $0.00 130K Feb 22, 2022 Direct F1
transaction GTES Ordinary Shares Tax liability -$46.3K -3K -2.31% $15.41 127K Feb 22, 2022 Direct 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
transaction GTES Time-Based Restricted Stock Units Options Exercise $0 -14K -18.79% $0.00 60.6K Feb 22, 2022 Ordinary Shares 14K Direct F3, F4
transaction GTES Time-Based Restricted Stock Units Options Exercise $0 -10.4K -17.11% $0.00 50.2K Feb 22, 2022 Ordinary Shares 10.4K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents time-based restricted stock units ("TBRSU") that vested on the anniversary of the grant date.
F2 Represents ordinary shares withheld to satisfy certain tax withholding related obligations in connection with the vesting of previously granted TBRSUs.
F3 Each TBRSU represents a contingent right to receive one share of the issuer ordinary shares. The TBRSUs will be settled in either ordinary shares or cash (or a combination thereof).
F4 The reporting person was granted TBRSUs that vest in three substantially equal annual installments beginning on the first anniversary of the grant date. The number set forth in Column 9 reflects all TBRSUs outstanding subject to future vesting.