UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.    )*

Welbilt, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
949090104
(CUSIP Number)
December 31, 2018
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☒ Rule 13d-1(b)
☐ Rule 13d-1(c)
☐ Rule 13d-1(d)
 
*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.	
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

					
	 	SCHEDULE 13G	 	Page 2 of 4	
 
CUSIP No. 949090104

  (1)     	 	  Names of reporting persons
 
  UBS Group AG directly and on behalf of certain subsidiaries	
  (2)    	 	  Check the appropriate box if a member of a group (see instructions)
  (a)  ☐        (b)  ☐
 	
  (3)    	 	  SEC use only
 	
  (4)    	 	  Citizenship or place of organization
 
  Switzerland	
							
Number of
shares
  beneficially  
owned by
each
reporting
person
with:	 	  (5)  	  	  Sole voting power
 	
	 	(6)  	  	  Shared voting power
 
  10,129,874	
	 	(7)  	  	  Sole dispositive power
 	
	 	(8)  	  	  Shared dispositive power
 
  10,129,874	
							
  (9)    	 	  Aggregate amount beneficially owned by each reporting person
 
  10,129,874	
(10)    	 	  Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
 	
(11)    	 	  Percent of class represented by amount in Row (9)
 
  7.22%	
(12)    	 	  Type of reporting person (see instructions)
 
  BK	

					
	 	SCHEDULE 13G	 	Page 3 of 4	
 
Item 1(a)	Name of issuer:	
Welbilt, Inc.
 
Item 1(b)	Address of issuer’s principal executive offices:	
2227 WELBILT BOULEVARD
NEW PORT RICHEY FL 34655
2(a) Name of person filing:
UBS Group AG
2(b) Address or principal business office or, if none, residence:
UBS Group AG
Bahnhofstrasse 45
PO Box CH-8098
2(c) Citizenship:
Switzerland
2(d) Title of class of securities:
Common Stock
2(e) CUSIP No.:
949090104
 
Item 3.	If this statement is filed pursuant to §§240.13d–1(b) or 240.13d–2(b) or (c), check whether the person filing is a:	

(a)	 	☐	 	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);	
			
(b)	 	☒	 	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);	
			
(c)	 	☐	 	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);	
			
(d)	 	☐	 	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a–8);	
			
(e)	 	☐	 	An investment adviser in accordance with §240.13d–1(b)(1)(ii)(E);	
			
(f)	 	☐	 	An employee benefit plan or endowment fund in accordance with §240.13d–1(b)(1)(ii)(F);	
			
(g)	 	☐	 	A parent holding company or control person in accordance with §240.13d–1(b)(1)(ii)(G);	
			
(h)	 	☐	 	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);	
			
(i)	 	☐	 	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a–3);	
			
(j)	 	☐	 	A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);	
			
(k)	 	☐	 	Group, in accordance with §240.13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J), please specify the type of institution:                                              	
 
Item 4.	Ownership	
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
(a)	Amount beneficially owned: 10,129,874.	
 
(b)	Percent of class: 7.22%.	

					
	 	SCHEDULE 13G	 	Page 4 of 4	
 
(c)	Number of shares as to which the person has:	
 
 	(i)	Sole power to vote or to direct the vote                  .	
 
 	(ii)	Shared power to vote or to direct the vote 10,129,874.	
 
 	(iii)	Sole power to dispose or to direct the disposition of                  .	
 
 	(iv)	Shared power to dispose or to direct the disposition of 10,129,874.	
 
Item 5.	Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following   ☐ .	
Dissolution of a group requires a response to this item.
 
Item 6.	Ownership of More than 5 Percent on Behalf of Another Person.	
N/A
 
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.	
This statement on Schedule 13G is being filed by UBS Group AG on behalf of itself and its wholly owned subsidiaries: UBS AG London Branch, UBS Securities LLC, UBS Financial Services Inc, and UBS Switzerland AG.
 
Item 8.	Identification and Classification of Members of the Group.	
N/A
 
Item 9.	Notice of Dissolution of Group.	
N/A
 
Item 10.	Certifications	
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect other than activities solely in connection with a nomination under §240.14a-11.
Signatures
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: 2/15/19	 		 	Signature:	 	/s/ Jennifer Sator	
	 		 		 	Name:	 	Jennifer Sator	
	 		 		 	Title:	 	Director	
				
Date: 2/15/19	 	            	 	Signature:	 	/s/ Stevenson Giles	
	 		 		 	Name:	 	Stevenson Giles	
	 		 		 	Title:	 	Authorized Signatory