SEC Form 4 · accession 0001209191-16-149954
Sprouts Farmers Market, Inc. · SFM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brandon F. Lombardi
Officer — Chief HR & Legal Officer
Period of report
Nov 11, 2016
Accepted (ET)
Nov 14, 2016 · 7:03 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 share | Nov 11, 2016 | M | 11,500 | $6.0145 | A | 30,118 | D | |
| Common Stock, par value $0.001 per shareF1 | Nov 11, 2016 | S | 11,500 | $21.03 | D | 18,618 | D | |
| Common Stock, par value $0.001 per share | Nov 11, 2016 | M | 11,459 | $3.7755 | A | 30,077 | D | |
| Common Stock, par value $0.001 per shareF1,F2 | Nov 11, 2016 | S | 11,459 | $21.03 | D | 18,618 | 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 | $6.0145 | Nov 11, 2016 | M | 11,500 | D | — | Jul 23, 2019 | Common stock, par value $0.001 per share | 11,500 | 28,500 | D |
| Stock Option (right to buy)F3 | $3.7755 | Nov 11, 2016 | M | 11,459 | D | — | Jul 23, 2019 | Common stock, par value $0.001 per share | 11,459 | 0 | D |
Explanation of responses
- F1The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.00 to $21.165 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.
- F2Amount includes 8,557 shares of common stock, 3,415 restricted stock units and 6,646 performance share awards. Each restricted stock unit and performance share award represent the right to receive, upon vesting, one share of common stock. In addition to the shares underlying the restricted stock units described in footnote 1 above, the remaining 814 restricted stock units will vest on March 4, 2017, assuming continued employment through such date. 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.
- F3All such options are presently exercisable.