SEC Form 4 · accession 0001209191-16-151489
CONAGRA BRANDS INC. · CAG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Biegger
Officer — EVP,Chief Supply Chain Officer
Period of report
Nov 17, 2016
Accepted (ET)
Nov 21, 2016 · 5:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000023217
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 17, 2016 | M | 6,528 | $0.00 | A | 6,528 | D | |
| Common Stock | Nov 17, 2016 | F | 2,031 | $36.52 | D | 4,497 | 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,F1 | $0.00 | Nov 17, 2016 | M | 6,528 | D | — | — | Common Stock | 6,528 | 13,056 | D |
Explanation of responses
- F1Reflects shares acquired upon the vesting of restricted stock units (RSUs) that were granted on November 2, 2015 and vested as to 33.33% on November 17, 2016, and will vest as to 33.33% on November 2, 2017, and 33.34% on November 2, 2018. Each RSU represented the right to receive one share of Conagra Brands common stock on the vesting date.
- F2Reflects an antidilution adjustment to the number of RSUs held by the Reporting Person, which antidilution adjustment was made prior to the vesting date in connection with the spinoff of Lamb Weston Holdings, Inc. from Conagra Brands, Inc. on November 9, 2016. The total number of RSUs held by the Reporting Person immediately prior to the spinoff was 14,576.