SEC Form 4 · accession 0001209191-18-059833
Sprouts Farmers Market, Inc. · SFM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Theodore Edward Frumkin II
Officer — Chief Development Officer
Period of report
Nov 19, 2018
Accepted (ET)
Nov 21, 2018 · 7:17 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 19, 2018 | M | 23,333 | $6.9155 | A | 58,265 | D | |
| Common Stock, par value $0.001 per share | Nov 19, 2018 | M | 30,000 | $20.98 | A | 88,265 | D | |
| Common Stock, par value $0.001 per shareF2,F3 | Nov 19, 2018 | S | 53,333 | $27.5173 | D | 34,932 | 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)F4 | $6.9155 | Nov 19, 2018 | M | 23,333 | D | — | Dec 21, 2019 | Common stock, par value $0.001 per share | 23,333 | 50,000 | D |
| Stock Option (right to buy)F4 | $20.98 | Nov 19, 2018 | M | 30,000 | D | — | Aug 11, 2022 | Common stock, par value $0.001 per share | 30,000 | 0 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.99 to $27.74 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.
- F3Includes 9,361 shares of common stock, 15,668 shares of restricted stock, and 9,903 performance share awards. Each restricted stock unit and performance share award represents the right to receive, upon vesting, one share of common stock. 9,903 shares of restricted stock will vest annually over two years on March 3, 2019, and 2020; 788 shares of restricted stock will vest on March 4, 2019; and the remaining 4,977 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.
- F4All such options are presently exercisable.