SEC Form 4 · accession 0001275158-18-000075
NOODLES & Co · NDLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Hermann
Officer — Chief Brand Officer
Period of report
Jun 29, 2018
Accepted (ET)
Jul 3, 2018 · 6:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001275158
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Jun 29, 2018 | A | 8,130 | $0.00 | A | 43,130 | D |
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)F2 | $12.30 | Jun 29, 2018 | A | 14,419 | A | — | Jun 29, 2028 | Class A Common Stock | 14,419 | 14,419 | D |
| Restricted Stock UnitsF3 | — | Jun 29, 2018 | A | 7,518 | A | — | — | Class A Common Stock | 7,518 | 7,518 | D |
Explanation of responses
- F1Award of Restricted Stock Units ("RSUs") received on June 29th, 2018. Each RSU represents a right to receive one share of Noodles & Company Class A common stock. The RSUs vest in four equal annual installments beginning on June 29th, 2019.
- F2These options vest in four equal annual installments beginning on June 29th, 2019.
- F3Each RSU represents a right to receive one share of Noodles & Company's Class A common stock. These restricted stock units are subject to performance-based vesting conditions linked to Noodles & Company's Same Store Sales and Adjusted EBITDA targets through December 31, 2020 (the "Performance Period").