SEC Form 4 · accession 0000899243-16-035789
Lamb Weston Holdings, Inc. · LW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William G Jurgensen
Director
Period of report
Dec 14, 2016
Accepted (ET)
Dec 16, 2016 · 4:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001679273
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 38,240 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Dec 14, 2016 | A | 2,465 | A | — | — | Common Stock | 2,465 | 2,465 | D |
| Restricted Stock UnitsF5,F2,F4 | — | holding | — | — | — | — | — | Common Stock | 4,875 | 4,875 | D |
| Director Stock OptionsF6 | $16.47 | holding | — | — | — | — | Sep 26, 2017 | Common Stock | 14,117 | 14,117 | D |
| Director Stock OptionsF7 | $12.53 | holding | — | — | — | — | Sep 24, 2018 | Common Stock | 14,117 | 14,117 | D |
| Director Stock OptionsF8 | $13.69 | holding | — | — | — | — | Sep 24, 2019 | Common Stock | 23,528 | 23,528 | D |
Explanation of responses
- F1Represents shares of Lamb Weston Holdings, Inc. ("Lamb Weston") common stock received in connection with the pro-rata distribution of Lamb Weston common stock by Conagra Brands, Inc. ("Conagra") (the "Spinoff") and converted from Conagra common stock held by the Reporting Person as of the Spinoff. Exempt acquisitions under Rule 16a-9 are being shown on a voluntary basis in this row and are estimated as of November 9, 2016 based on preliminary information regarding the Spinoff. Final amounts, if different, will be reported in a subsequent filing.
- F2Each restricted stock unit represents a contingent right to receive one share of Lamb Weston common stock upon settlement.
- F3Restricted stock units vest on December 14, 2017, or earlier upon certain events.
- F4Restricted stock units vest on May 30, 2017, or earlier upon certain events.
- F5Grant of restricted stock units received in connection with the Spinoff and converted from Conagra restricted stock units held by the Reporting Person as of the Spinoff. Exempt acquisitions under Rule 16a-9 are being shown on a voluntary basis in this row.
- F6Grant of option to purchase 14,117 shares of Lamb Weston common stock, which is fully vested, was received in the Spinoff in exchange for an option held by the Reporting Person to purchase 9,000 shares of Conagra common stock for $25.82 per share, subject to the same terms and conditions as the original Conagra stock option. Exempt acquisitions under Rule 16a-9 are being shown on a voluntary basis in this row.
- F7Grant of option to purchase 14,117 shares of Lamb Weston common stock, which is fully vested, was received in the Spinoff in exchange for an option held by the Reporting Person to purchase 9,000 shares of Conagra common stock for $19.65 per share, subject to the same terms and conditions as the original Conagra stock option. Exempt acquisitions under Rule 16a-9 are being shown on a voluntary basis in this row.
- F8Grant of option to purchase 23,528 shares of Lamb Weston common stock, which is fully vested, was received in the Spinoff in exchange for an option held by the Reporting Person to purchase 15,000 shares of Conagra common stock for $21.47 per share, subject to the same terms and conditions as the original Conagra stock option. Exempt acquisitions under Rule 16a-9 are being shown on a voluntary basis in this row.