SEC FORM 4

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^*

Freeman Dean P

(Last)

(First)

(Middle)

C/O GCP APPLIED TECHNOLOGIES INC

62 WHITTEMORE AVENUE

(Street)

CAMBRIDGE

02140

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GCP Applied Technologies Inc. [ GCP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/04/2016

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Options (rights to buy)⁽¹⁾	$20	02/04/2016		A		45,156		⁽²⁾	09/14/2020	Common Stock	45,156	$0	45,156	D
Restricted Stock Units⁽¹⁾⁽³⁾	⁽⁴⁾							⁽⁵⁾	⁽⁶⁾	Common Stock	9,033		9,033	D

Explanation of Responses:

1. Acquired on February 4, 2016 pursuant to the Employee Matters Agreement as described in the Remarks below.

2. Options become exercisable in two substantially equal annual installments beginning on September 14, 2016 and September 14, 2017.

3. Acquired pursuant to adjustments of previous W. R. Grace & Co. restricted stock units ("RSUs") in accordance with the Employee Matters Agreement. Pursuant to the GCP 2016 Stock Incentive Plan each RSU represents a contingent right to receive one share of GCP common stock.

4. Each RSU represents a contingent right to receive one share of Grace common stock.

5. Not Applicable

6. The RSUs vest in one installment on May 7, 2018.

Remarks:

The terms of each of the reporting person's outstanding W. R. Grace & Co. ("Grace") options and restricted stock unit awards were adjusted pursuant to the Employee Matters Agreement among Grace, W. R. Grace & Co.Conn. and GCP Applied Technologies Inc. ("GCP") relating to the February 3, 2016 distribution by Grace to its stockholders of all of the outstanding shares of the common stock of GCP. All information regarding options and restricted stock unit awards is shown on this Form 4 on a post-adjustment basis.

	/s/ John W. Kapples, Attorney-in-Fact	02/08/2016
	** 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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