Sicupira Carlos Alberto 4
4 · Restaurant Brands International Inc. · Filed Sep 9, 2020
Insider Transaction Report
Form 4
Sicupira Carlos Alberto
Director
Transactions
- Sale
Common Shares
2020-09-04$55.81/sh−23,114$1,289,992→ 144,460 total - Exercise/Conversion
Option (right to buy)
2020-09-04−106,050→ 0 totalExercise: $3.54Exp: 2021-02-02→ Common Shares (106,050 underlying) - Sale
Common Shares
2020-09-04$56.78/sh−6,400$363,392→ 138,060 total - Exercise/Conversion
Common Shares
2020-09-04$3.54/sh+106,050$375,417→ 167,574 total
Holdings
- 1,500,000(indirect: See Footnote)
Exchangeable units
→ Common Shares (1,500,000 underlying) - 779,090(indirect: See Footnote)
Common Shares
Footnotes (6)
- [F1]The Reporting Person exercised these options in order to retain ownership of shares, less those sold to pay the exercise price and applicable taxes.
- [F2]Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $55.40 to $56.39 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- [F3]Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $56.40 to $57.07 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- [F4]Represents an indirect interest held by CHL Investment Fund Ltd. The Reporting Person is an indirect beneficial owner of equity interests in CHL Investment Fund Ltd. The Reporting Person disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
- [F5]Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, 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.
- [F6]These options are immediately exercisable.