SEC Form 4 · accession 0001437749-17-020530
Freshpet, Inc. · FRPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Kassar
Officer — Chief Financial Officer
Period of report
Dec 7, 2017
Accepted (ET)
Dec 11, 2017 · 5:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001611647
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 7, 2017 | M | 10,000 | $9.05 | A | 209,994 | D | |
| Common StockF1 | Dec 7, 2017 | S | 10,000 | $18.9278 | D | 199,994 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opt to Purchase Common StockF2 | $9.05 | Dec 7, 2017 | M | 10,000 | A | — | May 9, 2026 | Common Stock | 10,000 | 60,584 | D |
Explanation of responses
- F1The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.925 to $18.95. The reporting person undertakes to provide to Freshpet, Inc., any security holders of Freshpet, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the range set in this Form 4.
- F2The options were issued pursuant to the Issuer's 2014 Omnibus Incentive Plan. Half of the options vest in three equal annual installments beginning May 9, 2017. The remaining options are subject to the satisfaction of certain performance goals over three years beginning May 9, 2017 and the reporting person's continued employment through the vesting date.