Utz Brands, Inc. — Director's Dealing 2020

Oct 22, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Utz Brands, Inc. (UTZ)
CIK: 0001739566
Period of Report: 2020-10-19

Reporting Person: Collier Creek Partners LLC (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-19	Class A common stock	J	14680000	—	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-19	Warrants to purchase Class A common stock	$11.50	J	8200000	Disposed		Class A common stock (8200000)	Direct

Footnotes

F1: As contemplated by the Second Amended and Restated Limited Liability Company Agreement of Collier Creek Partners, LLC (the "Sponsor LLCA"), Collier Creek Partners, LLC (the "Sponsor") was dissolved (the "Dissolution"), and all shares of Class A Common Stock and warrants to purchase Class A Common Stock of Utz Brands, Inc. ("Utz") held by the Sponsor were distributed, on a pro rata basis in accordance with the Sponsor LLCA, to the members of the Sponsor.

F2: The warrants are exercisable at any time and expire on August 28, 2025 or earlier upon redemption or the liquidation of Utz.

F3: The securities were held directly by the Sponsor. Chinh E. Chu, Roger K. Deromedi and Jason K. Giordano shared voting and dispositive power over the securities held by the Sponsor; each disclaimed beneficial ownership over any securities owned by the Sponsor, while such securities were held by the Sponsor, other than to the extent of any pecuniary interest he may have therein, directly or indirectly.