Gates Industrial Corp plc — Director's Dealing 2020

Feb 26, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Gates Industrial Corp plc (GTES)
CIK: 0001718512
Period of Report: 2020-02-24

Reporting Person: Mallard Lawrence B (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-24	Time-Based Restricted Stock Units	$	A	29323	Acquired		Ordinary Shares (29323)	Direct
2020-02-24	Performance-Based Restricted Stock Units (PBRSU)	$	A	30212	Acquired		Ordinary Shares (30212)	Direct
2020-02-24	Employee Stock Options (right to buy)	$11.76	A	76294	Acquired	2030-02-24	Ordinary Shares (76294)	Direct

Footnotes

F1: Each TBRSU represents a contingent right to receive one ordinary share of the Company. The TBRSUs will be settled in either ordinary shares or cash (or a combination thereof).

F2: These TBRSUs vest in three substantially equal annual installments beginning on the first anniversary of the grant date.

F3: Each performance-based restricted stock unit (PBRSU) represents a contingent right to receive one ordinary share, subject to adjustment based on the Company's achievement of the three-year performance measure, which is based 50% on total shareholder return with absolute and relative measures and 50% on adjusted return on invested capital.

F4: This award vests on the date that the compensation committee certifies the achievement of the performance measure following the three-year performance period.

F5: This options award vests in three substantially equal annual installments beginning on the first anniversary of the grant date.