SEC Form 4 · accession 0001214659-15-002440
Fresh Market, Inc. · TFM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott F. Duggan
Officer — SVP General Counsel
Period of report
Mar 18, 2015
Accepted (ET)
Mar 20, 2015 · 8:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001489979
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF3,F4,F1 | — | Mar 18, 2015 | D | 2,981 | D | — | — | Common Stock | 2,981 | 0 | D |
Explanation of responses
- F1Each performance share represents the contingent right to receive one share of common stock of The Fresh Market, Inc. in the event that a performance goal is satisfied. This goal is based on the Company's cumulative earnings per share, on an excluded items basis, over a three year performance period ending January 25, 2015. The performance goal was not satisfied by the end date, as defined in the Performance Share Award Agreement attached as Exhibit 10.1 to the Form 8-K filed by The Fresh Market, Inc. on March 21, 2012 ("Performance Share Award Agreement"), and the performance shares were forfeited as of March 18, 2015.
- F2Under the terms of the Performance Share Award Agreement, the performance shares were forfeited as of March 18, 2015, without converting to common stock.
- F3Represents maximum award under the Performance Share Award Agreement.
- F4Total refers to performance shares; excludes other derivative securities beneficially owned as previously disclosed by the Reporting Person.