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*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 10/27/2020 |
3. Issuer Name and Ticker or Trading Symbol
Gates Industrial Corp plc [ GTES ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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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) |
Ordinary Shares | 728 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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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 | ||||
Employee Stock Options (right to buy) | (1) | 09/19/2027 | Ordinary Shares | 9,536 | 13.44 | D | |
Employee Stock Options (right to buy) | (1) | 09/19/2027 | Ordinary Shares | 9,536 | 13.44 | D | |
Employee Stock Options (right to buy) | (1) | 09/19/2027 | Ordinary Shares | 9,536 | 20.16 | D | |
Employee Stock Options (right to buy) | (2) | 09/19/2027 | Ordinary Shares | 9,536 | 13.44 | D | |
Time-Based Restricted Stock Units | (3) | (3) | Ordinary Shares | 2,329 | (4) | D | |
Employee Stock Options (right to buy) | (5) | 02/22/2029 | Ordinary Shares | 9,762 | 16.46 | D | |
Time-Based Restricted Stock Units | (6) | (6) | Ordinary Shares | 4,263 | (4) | D | |
Employee Stock Options (right to buy) | (7) | 02/21/2030 | Ordinary Shares | 11,190 | 12.6 | D | |
Time-Based Restricted Stock Units | (8) | (8) | Ordinary Shares | 5,000 | (4) | D |
Explanation of Responses: |
1. This performance-based option award was granted on September 19, 2017 and vests based on achievement of certain performance metrics on or before July 3, 2022, in accordance with the applicable award agreement. |
2. This option award was granted on September 19, 2017 and vests in five substantially equal annual installments beginning on the first anniversary of the grant date. |
3. This time-based restricted stock unit (TBRSU) award was granted on February 22, 2019 and vests in three substantially equal annual installments beginning on the first anniversary of the grant date. The number reported here reflects the TBRSUs outstanding subject to future vesting. |
4. Each TBRSU represents a contingent right to receive one ordinary share of the Company. The TBRSU will be settled in either ordinary shares or cash (or a combination thereof). |
5. This option award was granted on February 22, 2019 and vests in three substantially equal annual installments beginning on the first anniversary of the grant date. |
6. This time-based restricted stock unit (TBRSU) award was granted on February 21, 2020 and vests in three substantially equal annual installments beginning on the first anniversary of the grant date. The number reported here reflects the TBRSUs outstanding subject to future vesting. |
7. This option award was granted on February 21, 2020 and vests in three substantially equal annual installments beginning on the first anniversary of the grant date. |
8. This time-based restricted stock unit (TBRSU) award was granted on April 27, 2020 and vests in three substantially equal annual installments beginning on the first anniversary of the grant date. The number reported here reflects the TBRSUs outstanding subject to future vesting. |
/s/ Carrie Etherton | 11/05/2020 | |
** 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |