SEC Form 4 · accession 0001209191-15-030236
Sprouts Farmers Market, Inc. · SFM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Douglas Sanders
Officer — President and CEO · Director
Period of report
Mar 26, 2015
Accepted (ET)
Mar 30, 2015 · 6:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001575515
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per share | Mar 26, 2015 | M | 86,708 | $3.3255 | A | 119,704 | D | |
| Common Stock, par value $0.001 per shareF2,F3 | Mar 26, 2015 | S | 86,708 | $33.0928 | D | 32,996 | D | |
| Common Stock, par value $0.001 per share | Mar 27, 2015 | M | 90,298 | $3.3255 | A | 123,294 | D | |
| Common Stock, par value $0.001 per shareF4,F3 | Mar 27, 2015 | S | 90,298 | $32.969 | D | 32,996 | D | |
| Common Stock, par value $0.001 per share | Mar 30, 2015 | M | 86,328 | $3.3255 | A | 119,324 | D | |
| Common Stock, par value $0.001 per shareF5,F3 | Mar 30, 2015 | S | 86,328 | $33.4461 | D | 32,996 | 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)F6 | $3.3255 | Mar 26, 2015 | M | 86,708 | D | — | May 2, 2018 | Common stock, par value $0.001 per share | 86,708 | 1,054,271 | D |
| Stock Option (right to buy)F6 | $3.3255 | Mar 27, 2015 | M | 90,298 | D | — | May 2, 2018 | Common stock, par value $0.001 per share | 90,298 | 963,973 | D |
| Stock Option (right to buy)F6 | $3.3255 | Mar 30, 2015 | M | 86,328 | D | — | May 2, 2018 | Common stock, par value $0.001 per share | 86,328 | 877,645 | 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.
- F2The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.94 to $33.30 per share, 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.
- F3Consists of 22,638 shares of common stock and 10,358 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. These restricted stock units will vest over three years, with one-third vested on March 4, 2015; one-third vesting on March 4, 2016; and the remaining one-third vesting on March 4, 2017, assuming continued employment through the applicable vesting date.
- F4The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.72 to $33.28 per share, 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.
- F5The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.13 to $33.67 per share, 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.
- F6All such options are presently exercisable; excludes an additional 440,126 outstanding options held by the reporting person at various strike prices.