Form 4 for GTES Gates Industrial Corp Ltd.
Accepted 2022-02-01 00:00:00 ET · period of report 2021-12-20 · accession 0001062993-22-002104 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-02-01 | 2022-01-28 | GTES | Jurek Ivo | CEO, Dir | F - Tax | $15.03 | -10.8K | 269.3K | -4% | -$161.8K |
| D | 2022-02-01 | 2022-01-28 | GTES | Jurek Ivo | CEO, Dir | M - OptEx | $0.00 | +37.2K | 280.1K | +15% | $0 |
| D | 2022-02-01 | 2021-12-20 | GTES | Jurek Ivo | CEO, Dir | G - Gift | $0.00 | -1.02M | 0 | -100% | $0 |
| DI | 2022-02-01 | 2021-12-20 | GTES | Jurek Ivo | CEO, Dir | G - Gift | $0.00 | +1.02M | 1.02M | New | $0 |
| D | 2022-02-01 | 2022-01-28 | GTES | Jurek Ivo | CEO, Dir | D - Sale to Iss | $0.00 | -55.8K | 0 | -100% | $0 |
| D | 2022-02-01 | 2022-01-28 | GTES | Jurek Ivo | CEO, Dir | M - OptEx | $0.00 | -37.2K | 55.8K | -40% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Ordinary Shares | 2022-01-28 | F | D | 10,763 | $15.03 | 269,341 | D | — | — | (F2) Represents ordinary shares withheld to satisfy certain tax and par value withholdings in connection with the vesting of the PBRSUs. |
| 2 | Common | Ordinary Shares | 2022-01-28 | M | A | 37,181 | $0.00 | 280,104 | D | — | — | (F1) Represents the number of ordinary shares vested pursuant to the performance-based restricted stock unit ("PBRSU") award granted on February 22, 2019 and reported on the Form 4 filed with the Securities and Exchange Commission on February 26, 2019, following the Compensation Committee's certification on January 28, 2022 of the Company's achievement of 40% of the three year performance measure, which was based 50% on total shareholder return with relative measures and 50% on adjusted return on invested capital. |
| 3 | Derivative | Employee Stock Options (Right to Buy) | 2021-12-20 | G | D | 1,017,239 | $0.00 | 0 | D | $6.56 · — to 2025-05-18 | 1,017,239 Ordinary Shares | (F6) The option vested in five roughly equal annual installments beginning on May 18, 2016. |
| 4 | Derivative | Employee Stock Options (Right to Buy) | 2021-12-20 | G | A | 1,017,239 | $0.00 | 1,017,239 | I | $6.56 · — to 2025-05-18 | 1,017,239 Ordinary Shares | (F6) The option vested in five roughly equal annual installments beginning on May 18, 2016. |
| 5 | Derivative | Performance-Based Restricted Stock Units (PBRSU) | 2022-01-28 | D | D | 55,771 | $0.00 | 0 | D | — · — to — | 55,771 Ordinary Shares | (F4) Represents the portion of the PBRSU award granted on February 22, 2019 that did not vest and was forfeited in connection with the certification described above. (F3) Each PBRSU represents a contingent right to receive one ordinary share. |
| 6 | Derivative | Performance-Based Restricted Stock Units (PBRSU) | 2022-01-28 | M | D | 37,181 | $0.00 | 55,771 | D By Trust | — · — to — | 37,181 Ordinary Shares | (F1) Represents the number of ordinary shares vested pursuant to the performance-based restricted stock unit ("PBRSU") award granted on February 22, 2019 and reported on the Form 4 filed with the Securities and Exchange Commission on February 26, 2019, following the Compensation Committee's certification on January 28, 2022 of the Company's achievement of 40% of the three year performance measure, which was based 50% on total shareholder return with relative measures and 50% on adjusted return on invested capital. (F3) Each PBRSU represents a contingent right to receive one ordinary share. |