SEC Form 4 · accession 0001209191-19-017206
Sprouts Farmers Market, Inc. · SFM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David McGlinchey
Officer — Chief Merchandising Officer
Period of report
Mar 4, 2019
Accepted (ET)
Mar 5, 2019 · 9:10 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 | Mar 4, 2019 | A | 7,076 | $0.00 | A | 19,110 | D | |
| Common Stock, par value $0.001 per shareF3 | Mar 5, 2019 | F | 690 | $23.12 | D | 18,420 | 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 | $23.12 | holding | — | — | — | — | Mar 4, 2026 | Common stock, par value $0.001 per share | 11,009 | 11,009 | D |
Explanation of responses
- F1Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. These restricted stock units will vest over three years, with one-third vesting on March 4, 2020; one-third vesting on March 4, 2021; and the remaining one-third vesting on March 4, 2022, assuming continued employment through the applicable vest date.
- F2Shares were withheld to satisfy the withholding tax liability incurred upon the vesting of restricted stock.
- F3Includes, in addition to the 7,076 shares described in Note (1), 6,655 shares of common stock and 4,689 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. The restricted stock units will vest evenly over two years on March 5, 2020 and March 5, 2021 respectively, assuming continued employment through the applicable vest date.
- F4These options become exercisable in three equal annual installments on March 4, 2020, March 4, 2021, and March 4, 2022, assuming continued employment through the vest dates.