SEC Form 4 · accession 0001020859-18-000031
UNITED NATURAL FOODS INC · UNFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Roy
Director
Period of report
Mar 15, 2018
Accepted (ET)
Mar 16, 2018 · 4:34 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 | Mar 15, 2018 | M | 2,040 | $0.00 | A | 33,904 | D | |
| Common Stock | Mar 15, 2018 | M | 3,990 | $24.54 | A | 37,894 | D | |
| Common StockF2 | Mar 15, 2018 | S | 3,990 | $43.95 | D | 33,904 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF3,F4 | — | Mar 15, 2018 | M | 2,040 | D | — | — | Common Stock | 2,040 | 0 | D |
| Employee Stock Option (right to buy)F5,F6 | $24.54 | Mar 15, 2018 | M | 3,990 | D | — | Sep 16, 2018 | Common Stock | 3,990 | 0 | 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.
- F2The transaction price listed is a weighted average. Actual sale prices for these dispositions ranged from $43.93 to $43.99. 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.
- F3Each 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.
- F4The restricted stock units vest as follows: one-half vests on the date of grant and the remaining one-half vests on the 6 month anniversary of the date of grant.
- F5United Natural Foods, Inc.'s closing price on the NASDAQ National Market on the date of grant.
- F6The stock options vest and becomes exercisable as follows: 1/3 immediately, with the remainder in two equal annual installments beginning on the first anniversary of the date of grant. The stock options expire 10 years after the grant date.