SEC Form 4 · accession 0000899243-16-035793
Lamb Weston Holdings, Inc. · LW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy R McLevish
Officer — Executive Chairman · Director
Period of report
Dec 14, 2016
Accepted (ET)
Dec 16, 2016 · 4:59 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 | — | — | — | 1,906 | D |
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 | $35.15 | Dec 14, 2016 | A | 73,968 | A | — | Dec 13, 2026 | Common Stock | 73,968 | 73,968 | D |
| Restricted Stock UnitsF3,F4 | — | Dec 14, 2016 | A | 24,656 | A | — | — | Common Stock | 24,656 | 24,656 | D |
| Restricted Stock UnitsF6,F3,F5 | — | holding | — | — | — | — | — | Common Stock | 4,875 | 4,875 | 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 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.
- F2This option becomes exercisable as follows: 33.33% on December 14, 2017, 33.33% on December 14, 2018 and 33.34% on December 14, 2019.
- F3Each restricted stock unit represents a contingent right to receive one share of Lamb Weston common stock upon settlement.
- F4Restricted stock units vest on December 14, 2019, or earlier upon certain events.
- F5Restricted stock units vest on May 30, 2017, or earlier upon certain events.
- F6Grant 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.