SEC Form 4 · accession 0001209191-17-026962
PRICESMART INC · PSMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mitchell G Lynn
Director
Period of report
Apr 12, 2017
Accepted (ET)
Apr 14, 2017 · 1:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001041803
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.0001 par value per share | Apr 12, 2017 | M | 3,000 | $67.92 | A | 5,841 | D | |
| Common Stock, $0.0001 par value per shareF1 | Apr 12, 2017 | S | 3,000 | $86.525 | D | 2,841 | D | |
| Common Stock, $0.0001 par value per share | holding | — | — | — | 4,650 | I | Held by the Lynn Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock option (right to buy)F3,F2 | $67.92 | Apr 12, 2017 | M | 3,000 | D | — | Nov 15, 2017 | Common Stock | 3,000 | 0 | D |
Explanation of responses
- F1Reflects the weighted average sale price of the shares sold. The shares were sold in multiple trades at prices ranging from $86.50 to $86.55 per share. The Reporting Person will provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price.
- F2The options vested at a rate of 20% per year from November 15, 2011, the date of grant.
- F3Not applicable.