SEC Form 4 · accession 0000899243-16-029341
Blue Buffalo Pet Products, Inc. · BUFF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kurt Schmidt
Officer — Chief Executive Officer · Director
Period of report
Sep 16, 2016
Accepted (ET)
Sep 20, 2016 · 10:36 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001609989
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 16, 2016 | M | 50,000 | $5.60 | A | 103,571 | D | |
| Common StockF1 | Sep 16, 2016 | S | 50,000 | $24.8273 | D | 53,571 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $5.60 | Sep 16, 2016 | M | 50,000 | D | — | Dec 18, 2022 | Common Stock | 50,000 | 2,519,717 | D |
Explanation of responses
- F1This amount represents the $24.8273 sales price per share of common stock of the Issuer received by the Reporting Person in connection with a secondary block trade which closed on September 16, 2016.
- F2Reflects an initial grant with respect to 3,012,382 shares that vests in five equal annual installments beginning on December 18, 2013.