SEC Form 4 · accession 0001020859-18-000041
UNITED NATURAL FOODS INC · UNFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Spinner
Officer — President, CEO & Chairman · Director
Period of report
May 14, 2018
Accepted (ET)
May 15, 2018 · 5:01 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 Stock | May 8, 2018 | G | 2,004 | $0.00 | D | 100,633 | D | |
| Common Stock | May 14, 2018 | M | 7,500 | $24.54 | A | 108,133 | D | |
| Common StockF2 | May 14, 2018 | S | 7,500 | $45.228 | D | 100,633 | D | |
| Common StockF3 | holding | — | — | — | 651 | 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)F4,F5 | $24.54 | May 14, 2018 | M | 7,500 | D | — | Sep 16, 2018 | Common Stock | 7,500 | 0 | D |
Explanation of responses
- F1Acquired as a result of exercising stock options pursuant to Rule 10b5-1 Trading Plan. The exercise of the stock options and sale of the related shares of common stock reported on this Form 4 was effective pursuant to Rule 10b5-1 Trading Plan adopted by the reporting person on April 13, 2018.
- F2The transaction price listed is a weighted average. Actual sale prices for these dispositions ranged from $45.06 to $45.44. 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.
- F3Includes 651 shares of common stock allocated to the reporting person under the United Natural Foods, Inc. 401(k) Plan's UNFI Stock Fund as of May 14, 2018.
- F4United Natural Foods, Inc.'s closing price on the NASDAQ National Market on the date of grant.
- F5The stock options vested and became exercisable in four equal annual installments beginning on September 16, 2009, the first anniversary of the date of grant, and expire on the tenth anniversary of the date of grant.