SEC Form 4 · accession 0001209191-16-142443
NUTRI SYSTEM INC /DE/ · NTRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dawn M. Zier
Officer — President and CEO · Director
Period of report
Sep 20, 2016
Accepted (ET)
Sep 22, 2016 · 4:03 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 stock | Sep 20, 2016 | M | 25,000 | $8.52 | A | 247,171 | D | |
| Common stockF2 | Sep 20, 2016 | S | 25,000 | $28.6247 | D | 222,171 | 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)F3 | $8.52 | Sep 20, 2016 | M | 25,000 | D | — | Mar 21, 2020 | Common Shares | 25,000 | 338,058 | D |
Explanation of responses
- F1Sale pursuant to a 10(b)5-1 plan.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.2600 to $28.9000, 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.
- F3Options vest in four equal tranches on the first four anniversaries of the date of grant.