SEC Form 4 · accession 0001020859-15-000123
UNITED NATURAL FOODS INC · UNFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean Griffin
Officer — Chief Operating Officer
Period of report
Sep 16, 2015
Accepted (ET)
Sep 18, 2015 · 4:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001020859
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 16, 2015 | M | 1,009 | $0.00 | A | 9,868 | D | |
| Common Stock | Sep 16, 2015 | F | 345 | $50.19 | D | 9,523 | D | |
| Common StockF3 | holding | — | — | — | 1,691 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F4 | — | Sep 16, 2015 | M | 1,009 | D | — | — | Common Stock | 1,009 | 3,026 | D |
| Restricted Stock UnitF2,F4 | — | Sep 16, 2015 | D | 337 | D | — | — | Common Stock | 337 | 2,689 | D |
| Phantom StockF5 | $0.00 | Sep 16, 2015 | A | 337 | A | — | — | Common Stock | 337 | 673 | D |
| Restricted Stock UnitF6,F4 | — | Sep 17, 2015 | A | 14,960 | A | — | — | Common Stock | 14,960 | 14,960 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.
- F2On September 16, 2015, 1,346 shares of United Natural Foods, Inc. (the "Company") restricted stock units vested, 25% of which the reporting person had previously elected to defer to the Company's Deferred Compensation Plan. The Company retained 345 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
- F3Includes 300 shares of common stock allocated to the reporting person under the United Natural Foods, Inc. Employee Stock Ownership Plan and 1,391 shares of common stock allocated to the reporting person under the United Natural Foods, Inc. 401(k) Plan's UNFI Stock Fund as of September 16, 2015.
- F4The restricted stock units vest in four equal annual installments beginning on the first anniversary of the date of grant.
- F5The security converts to common stock on a one-for-one basis subject to the terms of the United Natural Foods, Inc. Deferred Compensation Plan.
- F6Each restricted stock unit represents the right to receive one share of United Natural Foods, Inc. common stock upon vesting in accordance with the terms of the reporting person's restricted stock unit agreement.