SEC Form 4 · accession 0001181431-15-001499
Burlington Stores, Inc. · BURL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Metcalf
Officer — Executive Vice President
Period of report
Jan 23, 2015
Accepted (ET)
Jan 27, 2015 · 3:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001579298
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 23, 2015 | M | 12,275 | $0.79 | A | 67,275 | D | |
| Common Stock | Jan 23, 2015 | M | 13,332 | $3.17 | A | 80,607 | D | |
| Common StockF1 | Jan 23, 2015 | S | 25,607 | $50.9246 | D | 55,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $0.79 | Jan 23, 2015 | M | 12,275 | D | — | May 22, 2022 | Common Stock | 124,277 | 112,002 | D |
| Employee Stock Option (right to buy)F3 | $3.17 | Jan 23, 2015 | M | 13,332 | D | — | May 22, 2022 | Common Stock | 33,330 | 19,998 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.921 to $50.973, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., 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 footnote (1) to this Form 4.
- F2The options are currently exercisable as to 40% of the shares and become exercisable as to an additional 20% of the shares on May 22, 2015, as to an additional 20% of the shares on May 22, 2016 and as to the remaining 20% of the shares on May 22, 2017.
- F3The options are currently exercisable as to 40% of the shares and become exercisable as to an additional 20% of the shares on May 22, 2015, as to an additional 20% of the shares on May 22, 2016 and as to the remaining 20% of the shares on May 22, 2017.