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Filing Details

Accession Number:: 0001209191-19-019171
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-03-13 16:38:20
Reporting Period:: 2019-03-12

Accepted Time:: 2019-03-13 16:38:20
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1618756	Restaurant Brands International Inc.	QSR	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1552022	Jill Granat	130 King Street West Suite 300 Toronto A6 M5X 1E1	See Remarks	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Shares	Acquisiton	2019-03-12	12,328	$18.25	276,457	No	4	M	Direct
Common Shares	Acquisiton	2019-03-12	50,000	$18.25	326,457	No	4	M	Direct
Common Shares	Disposition	2019-03-12	35,621	$62.30	290,836	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares	Option (right to buy)	Disposition	2019-03-12	12,328	$0.00	12,328	$18.25
Common Shares	Option (right to buy)	Disposition	2019-03-12	50,000	$0.00	50,000	$18.25

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2023-02-28	No	4	M	Direct
0		2023-02-28	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Shares	Exchangeable units	$0.00			52,965	52,965	Direct
Common Shares	Option (right to buy)	$27.28		2024-03-06	15,945	15,945	Direct
Common Shares	Option (right to buy)	$27.28		2024-03-06	40,000	40,000	Direct
Common Shares	Option (right to buy)	$42.26	2019-12-31	2025-03-05	13,665	13,665	Direct
Common Shares	Option (right to buy)	$42.26	2020-03-06	2025-03-05	66,667	66,667	Direct
Common Shares	Restricted Share Units	$0.00			17,820	17,820	Direct
Common Shares	Dividend Equivalent Rights	$0.00			1,076	1,076	Direct
Common Shares	Option (right to buy)	$33.67	2021-02-26	2026-02-25	70,000	70,000	Direct
Common Shares	Restricted Share Units	$0.00			11,701	11,701	Direct
Common Shares	Dividend Equivalent Rights	$0.00			529	529	Direct
Common Shares	Option (right to buy)	$56.92	2022-05-05	2027-05-04	50,000	50,000	Direct
Common Shares	Restricted Share Units	$0.00			9,748	9,748	Direct
Common Shares	Dividend Equivalent Rights	$0.00			312	312	Direct
Common Shares	Restricted Share Units	$0.00			8,552	8,552	Direct
Common Shares	Performance Share Units	$0.00	2024-02-22	2024-02-22	50,000	50,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	52,965	52,965	Direct
2024-03-06	15,945	15,945	Direct
2024-03-06	40,000	40,000	Direct
2025-03-05	13,665	13,665	Direct
2025-03-05	66,667	66,667	Direct
	17,820	17,820	Direct
	1,076	1,076	Direct
2026-02-25	70,000	70,000	Direct
	11,701	11,701	Direct
	529	529	Direct
2027-05-04	50,000	50,000	Direct
	9,748	9,748	Direct
	312	312	Direct
	8,552	8,552	Direct
2024-02-22	50,000	50,000	Direct

Footnotes

The Reporting Person exercised these options in order to retain ownership of all shares, less only those required to be sold to pay the exercise price and applicable taxes.
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $62.12 to $62.42 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, into common shares of Restaurant Brands International Inc. or a cash amount equal to a prescribed cash amount determined by reference to the weighted average trading price of Restaurant Brands International Inc.'s common shares on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date, at the sole discretion of the general partner of Restaurant Brands International Limited Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date.
These options are immediately exercisable.
Each restricted share unit represents a contingent right to receive one common share.
These restricted share units vest on December 31, 2020.
Each whole dividend equivalent right represents a contingent right to receive one common share.
These dividend equivalent rights accrued on the 2016 restricted share unit award (the "2016 RSUs"). Dividend equivalent rights accrue when andas dividends are paid on the common shares underlying the 2016 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 RSUs to which they relate.
These restricted share units vest on December 31, 2021.
These dividend equivalent rights accrued on the 2017 restricted share unit award (the "2017 RSUs"). Dividend equivalent rights accrue when andas dividends are paid on the common shares underlying the 2017 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2017 RSUs to which they relate.
These restricted share units vest on December 31, 2022.
These dividend equivalent rights accrued on the 2018 restricted share unit award (the "2018 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2018 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2018 RSUs to which they relate.
These restricted share units vest on December 31, 2023.
The shares reported represent an award of performance based restricted share units ("PBRSUs") granted to the Reporting Person. The PBRSUs will have a three-year performance period beginning January 1, 2019 and ending December 31, 2022 and will vest 100% on February 22, 2024, which is the fifth anniversary of the grant date. The number of common shares that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the Issuer performance condition.