SEC Form 4 · accession 0001225208-16-035187
Wendy's Co · WEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd Allan Penegor
Officer — President & CEO
Period of report
Jun 15, 2016
Accepted (ET)
Jun 16, 2016 · 6:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000030697
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 15, 2016 | M | 474 | $0.00 | A | 197,795 | D | |
| Common Stock | Jun 15, 2016 | F | 225 | $9.81 | D | 197,570 | 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,F1,F4 | — | Jun 15, 2016 | A | 734 | A | — | — | Common Stock | 734 | 120,858 | D |
| Restricted Stock UnitsF2,F3,F1,F5 | — | Jun 15, 2016 | A | 474 | A | — | — | Common Stock | 474 | 121,332 | D |
| Restricted Stock UnitsF2,F1,F5 | — | Jun 15, 2016 | M | 474 | D | — | — | Common Stock | 474 | 120,858 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- F2With tandem dividend equivalent rights and tax withholding rights.
- F3Represents dividend equivalent units issued on June 15, 2016.
- F4The restricted stock units will vest in two equal installments on December 17, 2017 and December 17, 2018, subject to Mr. Penegor's continued employment with the Company on the applicable vesting date.
- F5The dividend equivalent units had accrued on restricted stock units that vested in full on June 3, 2016; accordingly, the dividend equivalent units vested in full immediately upon being issued on June 15, 2016.