SEC Form 4 · accession 0001214659-15-002861
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
Apr 1, 2015
Accepted (ET)
Apr 3, 2015 · 5:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001489979
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock | Apr 1, 2015 | M | 10,920 | $22.00 | A | 23,849 | D | |
| Common stockF1,F2 | Apr 1, 2015 | S | 12,353 | $40.02 | D | 11,496 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to purchaseF3,F4 | $22.00 | Apr 1, 2015 | M | 10,920 | D | — | — | Common stock | 10,920 | 81,464 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2014.
- F2This transaction was executed in multiple trades at prices ranging from $39.63 to $40.63. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3The options were granted on November 4, 2010 and vested in 25% increments on the first four anniversaries of the grant date.
- F4The options expire upon the earlier of (a) the tenth anniversary of the date of grant; (b) three months after the holder of the option terminates employment with The Fresh Market or one of its affiliates; or (c) termination of employment for cause.