SEC Form 4 · accession 0001209191-17-062699
Burlington Stores, Inc. · BURL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc Katz
Officer — Chief Financial Officer
Period of report
Nov 24, 2017
Accepted (ET)
Nov 28, 2017 · 4:34 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 | Nov 24, 2017 | M | 11,000 | $4.55 | A | 124,555 | D | |
| Common StockF1 | Nov 24, 2017 | S | 4,758 | $101.99 | D | 119,797 | D | |
| Common StockF2 | Nov 24, 2017 | S | 6,242 | $103.05 | D | 113,555 | 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 | $4.55 | Nov 24, 2017 | M | 11,000 | D | — | Jun 20, 2023 | Common Stock | 11,000 | 44,000 | 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 $101.59 to $102.37, 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 $102.62 to $103.50, 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 60% of the shares and become exercisable as to an additional 20% of the shares on July 23, 2018 and as to the remaining 20% of the shares on July 23, 2019.