SEC Form 4 · accession 0001020859-18-000108
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
Sep 24, 2018
Accepted (ET)
Sep 26, 2018 · 4:52 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 | Sep 24, 2018 | A | 5,055 | $0.00 | A | 126,066 | D | |
| Common Stock | Sep 24, 2018 | A | 27,419 | $0.00 | A | 153,485 | D | |
| Common Stock | Sep 24, 2018 | M | 937 | $0.00 | A | 154,422 | D | |
| Common Stock | Sep 24, 2018 | F | 15,661 | $31.84 | D | 138,761 | D | |
| Common StockF4 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Vested Performance UnitsF3 | — | Sep 24, 2018 | A | 27,419 | A | — | — | Vested Performance Units | 27,419 | 27,419 | D |
| Vested Performance UnitsF3 | — | Sep 24, 2018 | M | 937 | D | — | — | Vested Performance Units | 937 | 26,482 | D |
| Restricted Stock UnitF5 | — | Sep 25, 2018 | A | 53,630 | A | — | — | Common Stock | 53,630 | 53,630 | D |
Explanation of responses
- F1Received as a result of vesting of performance units granted September 21, 2016.
- F2Received as a result of vesting of performance units granted October 27, 2016.
- F3Represent performance units granted on October 27, 2016 that vested on September 24, 2018 but are not payable to the reporting person until the termination of the reporting person's employment with the Company or, if earlier, immediately prior to consummation of a change in control of the Company. 937 shares are being converted to common stock to pay the withholding taxes.
- F4Includes 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 September 24, 2018.
- F5Each 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. The restricted stock units vest in four equal annual installments beginning on the first anniversary of the date of grant.