Statement of Changes in Beneficial Ownership (4)
03 März 2020 - 10:58PM
Edgar (US Regulatory)
FORM 4
[X]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Hinson Charles R. |
2. Issuer Name and Ticker or Trading Symbol
COTT CORP /CN/
[
COT
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO- S&D Coffee and Tea |
(Last)
(First)
(Middle)
4221 WEST BOY SCOUT BOULEVARD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/28/2020 |
(Street)
TAMPA, FL 33607
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Shares | 2/28/2020 | | A | | 176574 (1) | A | $14.25 | 384759 | D | |
Common Shares | 2/28/2020 | | F | | 80059 (2) | D | $14.25 | 304700 | D | |
Common Shares | 2/28/2020 | | F | | 3861 (3) | D | $14.25 | 300839 | D | |
Common Shares | 2/28/2020 | | A | | 19158 (4) | A | $14.25 | 319997 | D | |
Common Shares | 2/28/2020 | | F | | 8687 (5) | D | $14.25 | 311310 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | On February 28, 2020, Cott Corporation completed the sale of its S&D Coffee and Tea subsidiary to a privately held acquirer (the "Sale"). As Chief Executive Officer of the S&D Coffee and Tea subsidiary, the Reporting Person ceased to be an executive officer of Cott Corporation as of that date. This award represents the number of common shares issued in connection with the Sale. |
(2) | Represents the number of common shares withheld to satisfy tax obligations due upon the issuance of common shares described in footnote 1. |
(3) | Represents the number of common shares withheld to satisfy tax obligations due upon the vesting of time-based units granted to the Reporting Person on December 11, 2018, which vesting was accelerated as a result of the Sale. |
(4) | Represents performance-based units granted to the Reporting Person on December 11, 2018, which vested on an accelerated basis on February 28, 2020 as a result of the Sale. |
(5) | Represents the number of common shares withheld to satisfy tax obligations due upon the accelerated vesting described in footnote 4. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Hinson Charles R. 4221 WEST BOY SCOUT BOULEVARD TAMPA, FL 33607 |
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| CEO- S&D Coffee and Tea |
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Signatures
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/s/ Marni Morgan Poe, Attorney-in-Fact | | 3/3/2020 |
**Signature of Reporting Person | Date |
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