Giordano Jason K Form 4 Utz Brands / Chinh Chu ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Collier Creek Partners LLC

(Last) (First) (Middle)

200 PARK AVENUE, 58TH FLOOR

(Street)

NEW YORK NY 10166

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Utz Brands, Inc. [ UTZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	08/28/2020		J(1)		11,680,000	A	(1)	11,680,000	D(3)
Class A common stock	08/28/2020		A		3,000,000	A	$10(2)	14,680,000	D(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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
Class B ordinary shares	(1)	08/28/2020		J(1)			11,680,000	(1)	(1)	Class A ordinary shares	11,680,000	(1)	0	D(3)
Warrants to purchase Class A common stock	$11.5	08/28/2020		A(2)		1,000,000		(2)	(2)	Class A common stock	1,000,000	(2)	8,200,000(1)	D(3)

1. Name and Address of Reporting Person^*

Collier Creek Partners LLC

(Last) (First) (Middle)

200 PARK AVENUE, 58TH FLOOR

(Street)

NEW YORK NY 10166

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Chu Chinh

(Last) (First) (Middle)

C/O COLLIER CREEK PARTNERS, LLC

200 PARK AVENUE, 58TH FLOOR

(Street)

NEW YORK NY 10166

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

DEROMEDI ROGER K

(Last) (First) (Middle)

C/O COLLIER CREEK PARTNERS, LLC

200 PARK AVENUE, 58TH FLOOR

(Street)

NEW YORK NY 10166

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Giordano Jason K

(Last) (First) (Middle)

C/O COLLIER CREEK PARTNERS, LLC

200 PARK AVENUE, 58TH FLOOR

(Street)

NEW YORK NY 10166

(City) (State) (Zip)

Explanation of Responses:

1. In connection with the Business Combination Agreement, dated June 5, 2020, by and among Collier Creek Holdings ("CCH"), Utz Brands Holdings, LLC ("Utz Brands Holdings"), and the other parties thereto (the transactions contemplated thereby, the "Business Combination"), CCH domesticated as a Delaware corporation (the "Domestication") and changed its name to "Utz Brands, Inc." ("Utz"). In connection with the Domestication, the Reporting Persons' Class B ordinary shares, par value $0.0001 per share, of CCH, which were previously convertible into Class A ordinary shares of CCH, were automatically converted into shares of Class A common stock of Utz, par value $0.0001 per share, on a one-for-one basis, and the Reporting Persons' warrants to purchase Class A ordinary shares became automatically exercisable for Class A common stock.

2. Pursuant to the Forward Purchase Agreement, dated as of September 7, 2018, by and between CCH and Collier Creek Partners, LLC (the "Sponsor"), the Sponsor agreed to purchase, on a private placement basis upon the consummation of the Business Combination, certain Class A ordinary shares (automatically converted to Class A common stock pursuant to the Domestication) (the "Forward Purchase Shares") and warrants to purchase Class A ordinary shares, which automatically became exercisable for Class A common stock pursuant to the Domestication (the "Forward Purchase Warrants") for a combined price of $10.00 per Forward Purchase Share purchased. The Forward Purchase Warrants will become exercisable on September 27, 2020 and will expire on August 28, 2025 or earlier upon redemption or the liquidation of Utz, as described in the Warrant Agreement (filed as Exhibit 4.4 to CCH's registration statement on Form S-1 (File No. 333-227295)).

3. The securities are held directly by the Sponsor. Chinh E. Chu, Roger K. Deromedi and Jason K. Giordano share voting and dispositive power over the securities held by the Sponsor. Chinh E. Chu, Roger K. Deromedi and Jason K. Giordano each disclaim beneficial ownership over any securities owned by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Remarks:

Exhibit 24.1 Power of Attorney

	/s/ Jason K. Giordano, Authorized Signatory for Collier Creek Partners LLC	09/01/2020
	/s/ Jason K. Giordano, Attorney-in-Fact for Chinh Chu	09/01/2020
	/s/ Jason K. Giordano, Attorney-in-Fact Roger K. Deromedi	09/01/2020
	/s/ Jason K. Giordano	09/01/2020
	** Signature of Reporting Person	Date
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