David Muscato Form 3 Primo Water / David Muscato 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^*

Muscato David

(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)
President, North America

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	51,307(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)	04/16/2028	Common Shares	221,130	14.58	D
Stock Option (right to buy)	(3)	12/11/2029	Common Shares	82,478	13.67	D

Explanation of Responses:

1. 34,292 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 April 16, 2018. The option vests in equal one-fourth installments on each of the first, second, third and fourth anniversaries of the grant date. The first installment and second installment have vested.

3. 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).
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