SEC Form 4 · accession 0001209191-16-137208
Burlington Stores, Inc. · BURL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mike Metheny
Officer — Executive Vice President
Period of report
Aug 12, 2016
Accepted (ET)
Aug 16, 2016 · 4:15 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 | Aug 12, 2016 | M | 1,168 | $5.02 | A | 3,449 | D | |
| Common Stock | Aug 12, 2016 | M | 2,832 | $0.79 | A | 6,281 | D | |
| Common StockF2 | Aug 12, 2016 | S | 4,000 | $76.4573 | D | 2,281 | 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 | $5.02 | Aug 12, 2016 | M | 1,168 | D | — | May 22, 2022 | Common Stock | 1,168 | 3,668 | D |
| Employee Stock Option (right to buy)F3 | $0.79 | Aug 12, 2016 | M | 2,832 | D | — | May 22, 2022 | Common Stock | 2,832 | 11,834 | D |
Explanation of responses
- F1The stock option exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 24, 2016.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.12 to $76.88, 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 80% of the shares and become exercisable as to the remaining 20% of the shares on May 22, 2017.