SEC Form 4 · accession 0001209191-16-107160
Sprouts Farmers Market, Inc. · SFM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Bruni
Officer — Chief Information Officer
Period of report
Mar 4, 2016
Accepted (ET)
Mar 8, 2016 · 6:58 pm EST
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 shareF1,F2 | Mar 4, 2016 | A | 2,522 | $0.00 | A | 5,812 | 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 | $28.21 | Mar 4, 2016 | A | 7,450 | A | — | Mar 4, 2023 | Common stock, par value $0.001 per share | 7,450 | 7,450 | D |
Explanation of responses
- F1Consists of a grant of 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 vesting on March 4, 2017; one-third vesting on March 4, 2018; and the remaining one-third vesting on March 4, 2019, assuming continued employment through the applicable vest date.
- F2In addition to the shares underlying the restricted stock units described in footnote 1 above, amount includes 3,290 performance share awards. Each performance share award represent the right to receive, upon vesting, one share of common stock. The performance share awards will vest over two years, with one-half vesting on March 11, 2017 and the remaining one-half vesting on March 11, 2018, assuming continued employment through such dates.
- F3These options become exercisable in three equal annual installments on March 4, 2017, March 4, 2018 and March 4, 2019.