SEC Form 4 · accession 0001209191-15-032554
Sprouts Farmers Market, Inc. · SFM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Leroy Nielsen
Officer — Chief Operating Officer
Period of report
Apr 2, 2015
Accepted (ET)
Apr 3, 2015 · 9:48 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 | Apr 2, 2015 | M | 20,000 | $3.3255 | A | 26,896 | D | |
| Common Stock, par value $0.001 per shareF2 | Apr 2, 2015 | S | 20,000 | $36.00 | D | 6,896 | 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)F3 | $3.3255 | Apr 2, 2015 | M | 20,000 | D | — | May 2, 2018 | Common stock, par value $0.001 per share | 20,000 | 105,322 | 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.
- F2Consists of 2,457 shares of common stock and 4,439 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.
- F3All such options are presently exercisable; excludes an additional 177,210 outstanding options held by the reporting person at various strike prices.