SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Friesner Jacqueline

(Last) (First) (Middle)
5505 BLUE LAGOON DRIVE

(Street)
MIAMI FL 33126

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Burger King Worldwide, Inc. [ BKW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Controller-Chief Accounting
3. Date of Earliest Transaction (Month/Day/Year)
03/07/2014
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 Stock 03/07/2014 A 1,917(1) A $27.28(2) 9,098 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Option (Right to Buy) $3.54 10/19/2015 02/02/2021 Common Stock 84,840 84,840 D
Option (Right to Buy) $3.54 12/31/2016 02/20/2022 Common Stock 6,771 6,771 D
Option (Right to Buy) $3.98 03/01/2017 02/28/2022 Common Stock 50,305 50,305 D
Option (Right to Buy) $18.25 12/31/2017 02/28/2023 Common Stock 4,657 4,657 D
Option (Right to Buy) $18.25 03/01/2018 02/28/2023 Common Stock 20,000 20,000 D
Option (Right to Buy) $27.28(2) 03/07/2014 A 6,392(3) 12/31/2018 03/06/2024 Common Stock 6,392 $0.00 6,392 D
Option (Right to Buy) $27.28 03/07/2014 A 20,000 03/07/2019 03/06/2024 Common Stock 20,000 $0.00 20,000 D
Explanation of Responses:
1. The shares reported represent shares of common stock purchased from the Issuer by the reporting person upon exercise of his/her investment rights pursuant to the Issuer's 2013 Bonus Swap Program under its Amended and Restated 2012 Omnibus Incentive Plan. The reporting person elected to use 50% of his/her 2013 net bonus to purchase shares of common stock at a purchase price of $27.28 per share ("Investment Shares").
2. Pursuant to the Issuer's Amended and Restated 2012 under it's Omnibus Incentive Plan, the purchase price of the Investment Shares and the exercise price for the matching options described in footnote 3 below pursuant to the Issuer's 2013 Bonus Swap Program is the last trading price of a share of the Issuer's common stock on the New York Stock Exchange on the trading day immediately preceding the grant date, in this case March 6, 2014.
3. The Issuer granted the options to the reporting person pursuant to the Issuer's 2013 Bonus Swap Program under its Amended and Restated 2012 Omnibus Incentive Plan. The reporting person elected to use 50% of his/her 2013 net bonus to purchase Investment Shares and received a matching grant of stock options in an amount equal to two times his/her gross bonus, multiplied by a multiple based on the reporting person's position level with the Issuer ("Options Multiplier"), and divided by the exercise price of $27.28 per share. The Options Multiplier was 1.0 for vice presidents, 1.5 for senior vice presidents and 2.0 for executive vice presidents. If an employee sells any of the Investment Shares, he/she will forfeit 3,196 of the options and a proportionate number of the remaining options based on the number of Investment Shares sold.
Remarks:
/s/ Lisa Giles-Klein, As Attorney-in-Fact for Jaqueline Friesner 03/11/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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