SEC Form 4 · accession 0001209191-17-037408
Sprouts Farmers Market, Inc. · SFM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dan J Sanders
Officer — Chief Operations Officer
Period of report
Jun 1, 2017
Accepted (ET)
Jun 2, 2017 · 6:01 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 | Jun 1, 2017 | S | 815 | $24.18 | D | 36,771 | D | |
| Common Stock, par value $0.001 per share | Jun 1, 2017 | M | 21,161 | $20.98 | A | 57,932 | D | |
| Common Stock, par value $0.001 per shareF1,F2 | Jun 1, 2017 | S | 21,161 | $24.2347 | D | 36,771 | 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 | $20.98 | Jun 1, 2017 | M | 21,161 | D | — | Aug 11, 2022 | Common stock, par value $0.001 per share | 21,161 | 15,117 | 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 $24.21 to $24.25 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 consists of 36,771 shares of restricted stock. Each share of restricted stock represents the right to receive, upon vesting, one share of common stock. 1,628 shares of restricted stock will vest evenly on March 4, 2018 and March 4, 2019. 35,143 shares of restricted stock will vest over three years, with one-third vesting on March 3, 2018; one-third vesting on March 3, 2019; and the remaining one-third vesting on March 3, 2020. All such vests assume continued employment through the applicable dates.
- F3The remaining options become exercisable in five equal quarterly installments at the end of each calendar quarter beginning June 30, 2017 and continuing through June 30, 2018.