Sec Form 4 Filing - Granat Jill @ Restaurant Brands International Inc. - 2016-02-26

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Granat Jill
2. Issuer Name and Ticker or Trading Symbol
Restaurant Brands International Inc. [ QSR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
See Remarks
(Last) (First) (Middle)
226 WYECROFT ROAD
3. Date of Earliest Transaction (MM/DD/YY)
02/26/2016
(Street)
OAKVILLE, A6L6K 3X7
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 02/26/2016 A 5,346 ( 1 ) A $ 33.67 ( 2 ) 8,079 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Exchangeable units ( 3 ) ( 4 ) ( 3 ) ( 4 ) ( 4 ) ( 4 ) Common S hares 52,965 52,965 D
Option (right to buy) $ 3.54 ( 5 ) 02/02/2021 Common Shares 245,238 245,238 D
Option (right to buy) $ 3.54 12/31/2016 02/20/2022 Common Shares 63,496 63,496 D
Option (right to buy) $ 3.98 03/01/2017 02/28/2022 Common Shares 125,767 125,767 D
Option (right to buy) $ 18.25 12/31/2017 02/28/2023 Common Shares 12,328 12,328 D
Option (right to buy) $ 18.25 03/01/2018 02/28/2023 Common Shares 50,000 50,000 D
Option (right to buy) $ 27.28 12/31/2018 03/06/2024 Common Shares 15,945 15,945 D
Option (right to buy) $ 27.28 03/07/2019 03/06/2024 Common Shares 40,000 40,000 D
Option (right to buy) $ 42.26 12/31/2019 03/05/2025 Common Shares 13,665 13,665 D
Option (right to buy) $ 42.26 03/06/2020 03/05/2025 Common Shares 66,667 66,667 D
Restricted Share Units ( 6 ) 02/26/2016 A 17,820 ( 7 ) ( 8 ) ( 8 ) Common Shares 17,820 $ 0 17,820 D
Option (right to buy) $ 33.67 02/26/2016 A 70,000 02/26/2021 02/25/2026 Common Shares 70,000 $ 0 70,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Granat Jill
226 WYECROFT ROAD
OAKVILLE, A6L6K 3X7
See Remarks
Signatures
/s/ Lisa Giles-Klein, As Attorney-in-Fact for Jill Granat 03/01/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The shares reported represent common shares purchased from the Issuer by the Reporting Person upon exercise of her investment rights pursuant to the Issuer's 2015 Bonus Swap Program under its 2014 Omnibus Incentive Plan. The Reporting Person elected to use 50% of her 2015 net bonus to purchase common shares at a purchase price of $33.67 per share ("Investment Shares").
( 2 )Pursuant to the Issuer's 2014 Omnibus Incentive Plan, the purchase price of the Investment Shares and the exercise price for the matching restricted share units described in footnote 7 below pursuant to the Issuer's 2015 Bonus Swap Program is the last sales price of a common share of the Issuer on the New York Stock Exchange on the trading day immediately preceding the grant date, in this case February 25, 2016.
( 3 )On December 12, 2014, Burger King Worldwide, Inc. ("Burger King Worldwide") consummated the business combination (the "Merger") pursuant to the Arrangement Agreement and Plan of Merger dated August 26, 2014 by and among Burger King Worldwide, Tim Hortons Inc., Restaurant Brands International Inc., Restaurant Brands International Limited Partnership and the other parties thereto (the "Arrangement Agreement"). Pursuant to the Reporting Person's election under the Arrangement Agreement, each share of Burger King Worldwide common stock previously held by the Reporting Person was converted into one Restaurant Brands International Limited Partnership exchangeable unit.
( 4 )Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, at any time after the one year anniversary of the Merger, 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 RestaurantBrands 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.
( 5 )These options are immediately exercisable.
( 6 )Each restricted share unit represents a contingent right to receive one common share.
( 7 )The Issuer granted the restricted share units ("RSUs") to the Reporting Person pursuant to the Issuer's 2015 Bonus Swap Program under its 2014 Omnibus Incentive Plan. The Reporting Person elected to use 50% of her 2015 net bonus to purchase Investment Shares and received a matching grant of RSUs in an amount equal to 50% of her gross bonus, multiplied by a multiple based on the Reporting Person's position level with the Issuer ("RSU Multiplier"), and divided by the purchase price of $33.67 per share. The RSU Multiplier was 2.0 for executive vice presidents and above. If the Reporting Person sells 50% or less of the Investment Shares, she will forfeit 8,910 of the RSUs and a proportionate number of the remaining RSUs based on the number of Investment Shares sold. If the Reporting Person sells more than 50% of the Investment Shares, she will forfeit all of the RSUs.
( 8 )These restricted share units vest on December 31, 2020.

Remarks:
Senior EVP, General Counsel and Secretary

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