SEC Form 4 · accession 0001209191-16-125138
Burlington Stores, Inc. · BURL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Seeger
Officer — Executive Vice President
Period of report
May 31, 2016
Accepted (ET)
Jun 2, 2016 · 4:29 pm EDT
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 | May 31, 2016 | M | 2,064 | $52.02 | A | 63,085 | D | |
| Common StockF1 | May 31, 2016 | S | 2,064 | $60.5787 | D | 61,021 | D | |
| Common StockF2 | May 31, 2016 | S | 10,514 | $60.6502 | D | 50,507 | 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)F3 | $52.02 | May 31, 2016 | M | 2,064 | D | — | May 1, 2025 | Common Stock | 2,064 | 6,195 | 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 $60.21 to $60.94, 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 this footnote to this Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.21 to $61.00, 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 this footnote to this Form 4.
- F3The options are currently exercisable as to 25% of the shares and become exercisable as to an additional 25% of the shares on May 1, 2017, as to an additional 25% of the shares on May 1, 2018 and as to the remaining 25% of the shares on May 1, 2019.