SEC Form 4 · accession 0000947871-19-000206
Chefs' Warehouse, Inc. · CHEF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexandros Aldous
Officer — General Counsel
Period of report
Mar 11, 2019
Accepted (ET)
Mar 13, 2019 · 5:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001517175
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 11, 2019 | M | 8,632 | $20.23 | A | 48,290 | D | |
| Common StockF2 | Mar 11, 2019 | S | 8,632 | $31.05 | D | 39,658 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Price-Based Stock Options (Right to Buy)F3 | $20.23 | Mar 11, 2019 | M | 8,632 | D | — | Mar 7, 2026 | Common Stock | 8,632 | 0 | D |
Explanation of responses
- F1The exercise of this price-based stock option and the sale of shares received pursuant thereto were executed pursuant to a 10b5-1 plan put in place by the Reporting Person on 09/13/2018.
- F2Represents the weighted average sales price of the shares sold ranging from a low of $31.00 to a high of $31.12 per share. The Reporting Person undertakes, upon request by the Commission staff, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
- F3Price-based stock options were eligible for vesting upon the issuer's achievement of a $30 stock price hurdle (based on 20-consecutive trading day average) on or before the fourth anniversary of the grant date (03/07/2016); in addition, price-based stock options were not exercisable before the third anniversary of the grant date and were subject to the terms of the Reporting Person's non-qualified stock option agreement.