SEC Form 4 · accession 0001020859-18-000006
UNITED NATURAL FOODS INC · UNFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher P. Testa
Officer — President, Atlantic Region
Period of report
Jan 2, 2018
Accepted (ET)
Jan 3, 2018 · 6:46 pm EST
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 Stock | Jan 2, 2018 | M | 2,495 | $24.30 | A | 14,782 | D | |
| Common StockF1 | Jan 2, 2018 | S | 4,744 | $49.47 | D | 10,038 | D | |
| Common StockF2 | holding | — | — | — | 271 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3,F4 | $24.30 | Jan 2, 2018 | M | 2,495 | D | — | Sep 11, 2019 | Common Stock | 2,495 | 0 | D |
Explanation of responses
- F1The transaction price listed is a weighted average. Actual sale prices for these dispositions ranged from $49.43 to $49.54. The reporting person undertakes to provide United Natural Foods, Inc., any security holder of United Natural Foods, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F2Represents 271 shares of common stock allocated to the reporting person under the United Natural Foods, Inc. 401(k) Plan as of January 3, 2018.
- F3Closing price of United Natural Foods, Inc. on the NASDAQ National Market on the grant date.
- F4The stock options vest and become exercisable in four equal annual installments beginning on the first anniversary of the date of grant, and expire on the tenth anniversary of the date of grant.