|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
| 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 Underlying Securities (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 | ||||||||
| Exchangeable units (3) (4) | (3) (4) | (4) | (4) | Common Shares | 137,996 | 137,996 | D | ||||||||
| Option (right to buy) | $ 3.54 | (5) | 02/02/2021 | Common Shares | 848,420 | 848,420 | D | ||||||||
| Option (right to buy) | $ 3.54 | 12/31/2016 | 02/20/2022 | Common Shares | 211,658 | 211,658 | D | ||||||||
| Option (right to buy) | $ 3.98 | 03/01/2017 | 02/28/2022 | Common Shares | 503,074 | 503,074 | D | ||||||||
| Option (right to buy) | $ 18.25 | 12/31/2017 | 02/28/2023 | Common Shares | 46,575 | 46,575 | D | ||||||||
| Option (right to buy) | $ 18.25 | 03/01/2018 | 02/28/2023 | Common Shares | 500,000 | 500,000 | D | ||||||||
| Option (right to buy) | $ 27.28 | 12/31/2018 | 03/06/2024 | Common Shares | 95,307 | 95,307 | D | ||||||||
| Option (right to buy) | $ 27.28 | 03/07/2019 | 03/06/2024 | Common Shares | 400,000 | 400,000 | D | ||||||||
| Option (right to buy) | $ 42.26 | 12/31/2019 | 03/05/2025 | Common Shares | 82,820 | 82,820 | D | ||||||||
| Option (right to buy) | $ 42.26 | 03/06/2020 | 03/05/2025 | Common Shares | 333,333 | 333,333 | D | ||||||||
| Restricted Share Units | (6) | 02/26/2016 | A | 57,915 (7) | (8) | (8) | Common Shares | 57,915 | $ 0 | 57,915 | D | ||||
| Option (right to buy) | $ 33.67 | 02/26/2016 | A | 250,000 | 02/26/2021 | 02/25/2026 | Common Shares | 250,000 | $ 0 | 250,000 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Schwartz Daniel S 226 WYECROFT ROAD OAKVILLE, A6 L6K 3X7 |
X | Chief Executive Officer | ||
| /s/ Lisa Giles-Klein, As Attorney-in-Fact for Daniel S. Schwartz | 03/01/2016 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(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). |
| (1) | The shares reported represent common shares purchased from the Issuer by the Reporting Person upon exercise of his investment rights pursuant to the Issuer's 2015 Bonus Swap Program under its 2014 Omnibus Incentive Plan. The Reporting Person elected to use 50% of his 2015 net bonus to purchase common shares at a purchase price of $33.67 per share ("Investment Shares"). |
| (2) | Pursuant to the Issuer's 2014 Omnibus Incentive Plan, the purchase price of the Investment Shares and the exercise price for the matching restricted share units described in footnote 7 below pursuant to the Issuer's 2015 Bonus Swap Program is the last sales price of a common share of the Issuer on the New York Stock Exchange on the trading day immediately preceding the grant date, in this case February 25, 2016. |
| (3) | On December 12, 2014, Burger King Worldwide, Inc. ("Burger King Worldwide") consummated the business combination (the "Merger") pursuant to the Arrangement Agreement and Plan of Merger dated August 26, 2014 by and among Burger King Worldwide, Tim Hortons Inc., Restaurant Brands International Inc., Restaurant Brands International Limited Partnership and the other parties thereto (the "Arrangement Agreement"). Pursuant to the Reporting Person's election under the Arrangement Agreement, each share of Burger King Worldwide common stock previously held by the Reporting Person was converted into one Restaurant Brands International Limited Partnership exchangeable unit. |
| (4) | Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, at any time after the one year anniversary of the Merger, into common shares of Restaurant Brands International Inc. or a cash amount equal to a prescribed cash amount determined by reference to the weighted average trading price of Restaurant Brands International Inc.'s common shares on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date, at the sole discretion of the general partner of Restaurant Brands International Limited Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date. |
| (5) | These options are immediately exercisable. |
| (6) | Each restricted share unit represents a contingent right to receive one common share. |
| (7) | The Issuer granted the restricted share units ("RSUs") to the Reporting Person pursuant to the Issuer's 2015 Bonus Swap Program under its 2014 Omnibus Incentive Plan. The Reporting Person elected to use 50% of his 2015 net bonus to purchase Investment Shares and received a matching grant of RSUs in an amount equal to 50% of his gross bonus, multiplied by a multiple based on the Reporting Person's position level with the Issuer ("RSU Multiplier"), and divided by the purchase price of $33.67 per share. The RSU Multiplier was 2.0 for executive vice presidents and above. If the Reporting Person sells 50% or less of the Investment Shares, he will forfeit 28,957 of the RSUs and a proportionate number of the remaining RSUs based on the number of Investment Shares sold. If the Reporting Person sells more than 50% of the Investment Shares, he will forfeit all of the RSUs. |
| (8) | These restricted share units vest on December 31, 2020. |