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: 2020-02-21

Reporting Person: Gawronski Grant (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-22	Ordinary Shares	M	10344	—	Acquired	73347	Direct
2020-02-22	Ordinary Shares	F	2568	$12.6	Disposed	70779	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-21	Time-Based Restricted Stock Units	$	A	41961	Acquired		Ordinary Shares (41961)	Direct
2020-02-21	Performance-Based Restricted Stock Units (PBRSU)	$	A	43232	Acquired		Ordinary Shares (43232)	Direct
2020-02-21	Employee Stock Options (right to buy)	$12.6	A	110149	Acquired	2030-02-21	Ordinary Shares (110149)	Direct
2020-02-22	Time-Based Restricted Stock Units	$	M	10344	Disposed		Ordinary Shares (10344)	Direct

Footnotes

F1: Each TBRSU represents a contingent right to receive one share of the issuer ordinary shares. 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 will vest in three substantially equal annual installments beginning on the first anniversary of the grant date.

F6: Represents time-based restricted stock units (TBRSU) that vested on the anniversary of the grant date.

F7: The reporting person was granted TBRSUs that vest in three substantially equal annual installments beginning on the first anniversary of the grant date. The number set forth in Column 9 reflects the TBRSUs outstanding subject to future vesting.