SEC Form 4 · accession 0001209191-16-122969
NUTRI SYSTEM INC /DE/ · NTRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael P. Monahan
Officer — Chief Financial Officer
Period of report
May 22, 2016
Accepted (ET)
May 24, 2016 · 5:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001096376
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF1 | May 22, 2016 | F | 3,075 | $26.50 | D | 67,273 | D | |
| Common stock | May 23, 2016 | M | 24,736 | $8.88 | A | 92,009 | D | |
| Common stockF2 | May 23, 2016 | S | 24,736 | $26.4565 | D | 67,273 | D | |
| Common stock | May 24, 2016 | M | 2,879 | $8.88 | A | 70,152 | D | |
| Common stock | May 24, 2016 | M | 5,554 | $14.95 | A | 75,706 | D | |
| Common stock | May 24, 2016 | M | 6,043 | $18.98 | A | 81,749 | D | |
| Common stockF4 | May 24, 2016 | S | 14,476 | $27.5034 | D | 67,273 | D | |
| Common stock | May 24, 2016 | S | 1,000 | $27.502 | D | 66,273 | D | |
| Common stockF5 | May 24, 2016 | S | 12,561 | $27.5008 | D | 53,712 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common stock options, .001 (right to buy) | $8.88 | May 23, 2016 | M | 24,736 | D | May 22, 2016 | May 22, 2020 | Common Shares | 24,736 | 81,185 | D |
| Common stock options, .001 (right to buy) | $8.88 | May 24, 2016 | M | 2,879 | D | May 22, 2015 | May 22, 2020 | Common Shares | 2,879 | 78,306 | D |
| Common stock options, .001 (right to buy) | $14.95 | May 24, 2016 | M | 5,554 | D | Mar 20, 2016 | Mar 20, 2021 | Common Shares | 5,554 | 72,752 | D |
| Common stock options, .001 (right to buy) | $18.98 | May 24, 2016 | M | 6,043 | D | Jan 2, 2016 | Jan 2, 2022 | Common Shares | 6,043 | 66,709 | D |
Explanation of responses
- F1Withholding of common stock to cover tax liability.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.3300 to $26.7100, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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 range set forth in this footnote.
- F3Sale pursuant to a 10(b)5-1 plan.
- F4The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.5000 to $27.5100, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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 range set forth in this footnote.
- F5The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.5000 to $27.5020, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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 range set forth in this footnote.