Eric Rosenfeld - May 7, 2021 Form 4 Insider Report for Primo Water Corp /CN/ (PRMW)

Role
Director
Signature
/s/ Marni Morgan Poe, Attorney-in-Fact
Stock symbol
PRMW
Transactions as of
May 7, 2021
Transactions value $
$119,997
Form type
4
Date filed
5/11/2021, 05:08 PM
Next filing
Jul 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRMW Common Shares Award $120K +7.09K +1.66% $16.92 433K May 7, 2021 Direct F1
holding PRMW Common Shares 245K May 7, 2021 By Crescendo Partners III, L.P. F2
holding PRMW Common Shares 173K May 7, 2021 By Crescendo Partners II, L.P. Series II F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common Shares were issued pursuant to the Amended and Restated Primo Water Corporation Equity Incentive Plan in payment of the reporting person's annual director fee. The number of shares was calculated by dividing $120,000 (the cash amount of the annual director fee) by $16.92 (the closing price of the Common Shares on the New York Stock Exchange on May 7, 2021).
F2 As President and Chief Executive Officer of Crescendo Partners, L.P., Mr. Rosenfeld may be deemed to beneficially own the 245,033 Common Shares owned by Crescendo Partners III, L.P. Mr. Rosenfeld disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Rosenfeld is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F3 As President and Chief Executive Officer of Crescendo Partners, L.P., Mr. Rosenfeld may be deemed to beneficially own the 172,687 Common Shares owned by Crescendo Partners II, L.P. Series II. Mr. Rosenfeld disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Rosenfeld is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.