SEC Form 4 · accession 0001020859-17-000120
UNITED NATURAL FOODS INC · UNFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig Harder Smith
Officer — SVP, Fresh Sales
Period of report
Sep 26, 2017
Accepted (ET)
Sep 27, 2017 · 6:45 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 StockF2 | Sep 26, 2017 | A | 3,497 | $0.00 | A | 14,524 | D | |
| Common Stock | Sep 26, 2017 | F | 1,153 | $44.39 | D | 13,371 | D | |
| Common StockF4 | holding | — | — | — | 161 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On September 21, 2016, the reporting person was granted 3,480 performance units eligible to vest at target levels of performance (with vesting of more or less shares possible based on actual performance) based on the extent to which certain EPS, Adjusted EBITDA, Adjusted ROIC and total shareholder return performance targets were met for fiscal 2017. Based upon the performance of United Natural Foods, Inc. (the "Company") against the applicable performance targets, 3,497 performance units subject to such criteria vested on September 26, 2017, resulting in the issuance of 3,497 shares of the Company's common stock to the reporting person.
- F2Performance stock units were settled in shares of common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.
- F3As described in footnote 1, on September 26, 2017, the reporting person became entitled to received 3,497 shares of the Company's common stock. The Company retained 1,153 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
- F4Includes 161 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 26, 2017.