SEC Form 4 · accession 0001209191-15-030973
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 31, 2015
Accepted (ET)
Apr 1, 2015 · 7:52 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 31, 2015 | M | 229,008 | $3.3255 | A | 262,004 | D | |
| Common Stock, par value $0.001 per shareF2 | Mar 31, 2015 | S | 202,480 | $34.9561 | D | 59,524 | D | |
| Common Stock, par value $0.001 per shareF3 | Mar 31, 2015 | S | 26,528 | $35.444 | D | 32,996 | D | |
| Common Stock, par value $0.001 per share | Apr 1, 2015 | M | 7,658 | $3.3255 | A | 40,654 | D | |
| Common Stock, par value $0.001 per shareF4,F5 | Apr 1, 2015 | S | 7,658 | $34.9389 | 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 31, 2015 | M | 229,008 | D | — | May 2, 2018 | Common stock, par value $0.001 per share | 229,008 | 648,637 | D |
| Stock Option (right to buy)F6 | $3.3255 | Apr 1, 2015 | M | 7,658 | D | — | May 2, 2018 | Common stock, par value $0.001 per share | 7,658 | 640,979 | 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 $34.38 to $35.375 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.
- F3The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.38 to $35.51 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.
- F4The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.62 to $35.11 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.
- F5Consists 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.
- F6All such options are presently exercisable; excludes an additional 442,969 outstanding options held by the reporting person at various strike prices.