Ghire Shivprasad Form 3 Primo Water / Ghire Shivprasad ownership change

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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^*

Shivprasad Ghire

(Last) (First) (Middle)

4221 WEST BOY SCOUT BOULEVARD

(Street)

TAMPA FL 33607

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/26/2020

3. Issuer Name and Ticker or Trading Symbol
Primo Water Corp /CN/ [ PRMW ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
VP, Human Resources

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	5,078(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	(2)	12/06/2026	Common Shares	4,377	10.4	D
Stock Option (right to buy)	(3)	12/07/2027	Common Shares	2,334	17.5	D
Stock Option (right to buy)	(4)	12/11/2028	Common Shares	7,462	14.68	D
Stock Option (right to buy)	(5)	12/11/2029	Common Shares	8,797	13.67	D

Explanation of Responses:

1. 2,514 of the reported shares are unvested time-based restricted share units, which will vest on various dates between 2020 and 2022.

2. Represents an option granted on December 6, 2016. The option vests in equal one-third installments on each of the first, second and third anniversaries of the grant date. The first installment, second installment and third installment have vested.

3. Represents an option granted on December 7, 2017. The option vests in equal one-third installments on each of the first, second and third anniversaries of the grant date. The first installment and second installment have vested.

4. Represents an option granted on December 11, 2018. The option vests in equal one-third installments on each of the first, second and third anniversaries of the grant date. The first installment has vested.

5. Represents an option granted on December 11, 2019. The option vests in equal one-third installments on each of the first, second and third anniversaries of the grant date.

Remarks:

Exhibit List Exhibit 24 - Power of Attorney

	/s/ Marni Morgan Poe, Attorney-in-Fact	06/30/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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