SEC Form 4 · accession 0000899243-16-025304
Wingstop Inc. · WING
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Skipworth
Officer — Corporate Controller
Period of report
Jul 15, 2016
Accepted (ET)
Jul 19, 2016 · 4:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001636222
Table I — non-derivative securities
No Table I lines on this filing.
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 | $7.06 | Jul 15, 2016 | D | 13,625 | D | — | Dec 12, 2024 | Common Stock | 13,625 | 0 | D |
| Employee Stock Option (Right to Buy)F2 | $6.29 | Jul 15, 2016 | A | 13,625 | A | — | Dec 12, 2024 | Common Stock | 13,625 | 13,625 | D |
| Employee Stock Option (Right to Buy)F3 | $7.06 | Jul 15, 2016 | D | 1,925 | D | — | Dec 12, 2024 | Common Stock | 1,925 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $6.29 | Jul 15, 2016 | A | 1,925 | A | — | Dec 12, 2024 | Common Stock | 1,925 | 1,925 | D |
Explanation of responses
- F1Pursuant to the terms of the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan, the Compensation Committee reduced the exercise price of options reported on this Form 4 by $0.77 in connection with the special cash dividend of $2.90 paid on July 15, 2016. The other terms of the options remain unchanged.
- F21,925 of the options have vested, and the remaining options will vest in four equal installments annually beginning December 12, 2016.
- F3These options are fully vested and exercisable.