SEC Form 4 · accession 0001209191-18-012590
Sprouts Farmers Market, Inc. · SFM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley Lukow
Officer — Chief Financial Officer
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 6:07 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 | Feb 20, 2018 | A | 34,444 | $0.00 | A | 118,244 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents performance share awards granted to the Reporting Person on March 3, 2017 under the Issuer's 2013 Incentive Plan, as amended. On February 20, 2018, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to such performance share awards. 50% of such shares will vest on each of the second and third anniversaries of the grant date, subject to the Reporting Person's continuous service through such dates.
- F2Includes, in addition to the 34,444 shares described in Note (1), 35,175 shares of common stock, 36,275 shares of restricted stock, and 12,350 restricted stock units. Each share 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. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock and will vest evenly on March 4, 2018 and March 4, 2019. All such vests assume continued employment through the applicable dates.