SEC Form 4 · accession 0001020859-18-000043
UNITED NATURAL FOODS INC · UNFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph J Traficanti
Officer — Senior Vice President
Period of report
May 17, 2018
Accepted (ET)
May 21, 2018 · 5:15 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 17, 2018 | M | 4,875 | $25.45 | A | 9,755 | D | |
| Common Stock | May 17, 2018 | M | 1,717 | $37.82 | A | 11,472 | D | |
| Common StockF2 | May 17, 2018 | S | 6,680 | $47.11 | D | 4,792 | D | |
| Common StockF3 | holding | — | — | — | 1,076 | 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 | $25.45 | May 17, 2018 | M | 4,875 | D | — | Jun 19, 2019 | Common Stock | 4,875 | 0 | D |
| Employee Stock Option (right to buy)F4,F5 | $37.82 | May 17, 2018 | M | 1,717 | D | — | Sep 12, 2021 | Common Stock | 1,717 | 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 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 $47.00 to $47.27. 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 1,076 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 18, 2018.
- F4United Natural Foods, Inc.'s closing price on the NASDAQ National Market on the date of grant.
- F5The stock options vest and becomes 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.