SEC Form 4 · accession 0001209191-19-017502
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
Mar 4, 2019
Accepted (ET)
Mar 6, 2019 · 6:22 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 | Mar 4, 2019 | S | 18,105 | $22.95 | D | 25,476 | D | |
| Common Stock, par value $0.001 per shareF1 | Mar 4, 2019 | A | 8,003 | $0.00 | A | 33,479 | D | |
| Common Stock, par value $0.001 per share | Mar 5, 2019 | S | 867 | $23.18 | D | 32,612 | D | |
| Common Stock, par value $0.001 per shareF2 | Mar 6, 2019 | S | 2,170 | $22.88 | D | 30,442 | 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 | $23.12 | Mar 4, 2019 | A | 12,451 | A | — | Mar 4, 2026 | Common stock, par value $0.001 per share | 12,451 | 12,451 | 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.
- F2Includes, in addition to the 8,003 shares described in Note (1), 16,051 restricted shares and 6,388 performance share awards. Each restricted share and performance share award represents the right to receive, upon vesting, one share of common stock. 11,713 restricted shares will vest on March 3, 2020, and 4,338 restricted shares will vest evenly over two years on March 5, 2020 and March 5, 2021. The 6,388 performance shares will vest on March 3, 2020. All such vests assume continued employment through the applicable dates.
- F3These 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.