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Drachman Brud E – ‘4/A’ for 10/12/20 re: Pricesmart Inc.

On:  Thursday, 10/15/20, at 3:05pm ET   ·   For:  10/12/20   ·   Accession #:  1209191-20-54887   ·   File #:  0-22793

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/15/20  Drachman Brud E                   4/A                    1:6K   Pricesmart Inc.                   DONNELLEY FIN… File16/FA

Amendment to Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4/A         Form 4/A Submission -- doc4a.xml/3.6                HTML      3K


        

This ‘4/A’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
XML Data rendering:  Form 4/A Submission
 
                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<ownershipDocument>
<schemaVersion> X0306 </schemaVersion>
<documentType> 4/A </documentType>
<periodOfReport> 2020-10-12 </periodOfReport>
<dateOfOriginalSubmission> 2020-10-14 </dateOfOriginalSubmission>
<notSubjectToSection16> 0 </notSubjectToSection16>
<issuer>
<issuerCik> 0001041803 </issuerCik>
<issuerName> PRICESMART INC </issuerName>
<issuerTradingSymbol> PSMT </issuerTradingSymbol>
</issuer>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001235794 </rptOwnerCik>
<rptOwnerName> DRACHMAN BRUD E </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> 9740 SCRANTON RD. </rptOwnerStreet1>
<rptOwnerStreet2></rptOwnerStreet2>
<rptOwnerCity> SAN DIEGO </rptOwnerCity>
<rptOwnerState> CA </rptOwnerState>
<rptOwnerZipCode> 92121 </rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> 0 </isDirector>
<isOfficer> 1 </isOfficer>
<isTenPercentOwner> 0 </isTenPercentOwner>
<isOther> 0 </isOther>
<officerTitle> EVP-Construction/Facilities </officerTitle>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable>
<nonDerivativeTransaction>
<securityTitle>
<value> Common Stock, $0.0001 par value per share </value>
</securityTitle>
<transactionDate>
<value> 2020-10-12 </value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> A </transactionCode>
<equitySwapInvolved> 0 </equitySwapInvolved>
</transactionCoding>
<transactionTimeliness>
<value></value>
</transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value> 1572 </value>
<footnoteId id="F1"/>
</transactionShares>
<transactionPricePerShare>
<value> 0.00 </value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> A </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 33443 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction>
<securityTitle>
<value> Common Stock, $0.0001 par value per share </value>
</securityTitle>
<transactionDate>
<value> 2020-10-14 </value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> A </transactionCode>
<equitySwapInvolved> 0 </equitySwapInvolved>
</transactionCoding>
<transactionTimeliness>
<value></value>
</transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value> 878 </value>
<footnoteId id="F2"/>
</transactionShares>
<transactionPricePerShare>
<value> 0.00 </value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> A </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 34321 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
</nonDerivativeTable>
<footnotes>
<footnote id="F1"> Award of restricted stock, subject to vesting. 785 of the shares vest August 29, 2022 and 787 shares vest August 29, 2023, subject to continued service through each such vesting date. </footnote>
<footnote id="F2"> Represents performance stock units as to which the performance criteria were determined to have been met at the 106.5% level on October 14, 2020. The PSUs remain subject to time-based vesting. 420 shares vest on October 26, 2021 and 458 shares vest on October 26, 2022, subject to continued service. </footnote>
</footnotes>
<remarks></remarks>
<ownerSignature>
<signatureName> /s/ Francisco Velasco as Attorney-in-fact </signatureName>
<signatureDate> 2020-10-15 </signatureDate>
</ownerSignature>
</ownershipDocument>


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Filing Submission 0001209191-20-054887   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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