SEC Form 4 · accession 0001209191-18-019828
Burlington Stores, Inc. · BURL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Fred Hand
Officer — Chief Customer Officer
Period of report
Mar 13, 2018
Accepted (ET)
Mar 15, 2018 · 4:17 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 | Mar 13, 2018 | M | 7,000 | $52.02 | A | 73,193 | D | |
| Common StockF1 | Mar 13, 2018 | S | 7,000 | $127.65 | D | 66,193 | 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 | $52.02 | Mar 13, 2018 | M | 7,000 | D | — | May 1, 2025 | Common Stock | 7,000 | 12,159 | 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 $127.56 to $127.73, 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 options are currently exercisable as to 50% of the shares, become exercisable as to an additional 25% of the shares on May 1, 2018, and become exercisable as to the remaining 25% of the shares on May 1, 2019.