SEC Form 4 · accession 0000899243-18-004176
Wingstop Inc. · WING
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence Kruguer
Officer — See Remarks
Period of report
Feb 14, 2018
Accepted (ET)
Feb 15, 2018 · 4:06 pm EST
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 | $16.10 | Feb 14, 2018 | D | 26,316 | D | — | Jun 11, 2025 | Common Stock | 26,316 | 0 | D |
| Employee Stock Option (Right to Buy)F2 | $12.93 | Feb 14, 2018 | A | 26,316 | A | — | Jun 11, 2025 | Common Stock | 26,316 | 26,316 | D |
Explanation of responses
- F1Pursuant to the terms of the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan (the "2015 Plan"), the Compensation Committee reduced the exercise price of all outstanding options under the 2015 Plan by $3.17, the amount of the special cash dividend paid by Wingstop Inc. on February 14, 2018. As a result, the option exercise price of $16.10 was reduced to an exercise price of $12.93. The other terms of the options remain unchanged.
- F2The options vest in four installments annually beginning June 11, 2017. 40% of the shares vested on June 11, 2017, 20% of the shares will vest on June 11, 2018, 20% of the shares will vest on June 11, 2019 and 20% of the shares will vest on June 11, 2020.
Remarks
Executive Vice President and Chief Operating Officer