SEC Form 4 · accession 0001209191-18-050129
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
Sep 7, 2018
Accepted (ET)
Sep 7, 2018 · 6:13 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 | Sep 7, 2018 | M | 50,000 | $20.98 | A | 93,581 | D | |
| Common Stock, par value $0.001 per shareF1,F2 | Sep 7, 2018 | S | 50,000 | $28.2836 | D | 43,581 | 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 | Sep 7, 2018 | M | 50,000 | D | — | Aug 11, 2022 | Common stock, par value $0.001 per share | 50,000 | 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 $28.23 to $28.48 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.
- F2Includes 30,803 shares of restricted stock and 12,778 performance share awards. Each restricted share and performance share award represents the right to receive, upon vesting, one share of common stock. 867 shares of restricted stock will vest on March 4, 2019; 23,428 shares of restricted stock will vest annually over two years on March 3, 2019 and 2020; and the remaining 6,508 will vest over three years, with one-third vesting on March 5, 2019; one-third vesting on March 5, 2020; and the remaining one-third vesting on March 5, 2021. The performance shares will vest annually over two years on March 3, 2019 and 2020. All such vests assume continued employment through the applicable dates.
- F3All such options are presently exercisable.