SEC Form 4 · accession 0001225208-17-014042
Wendy's Co · WEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kurt A Kane
Officer — Chief Concept & Mktg Officer
Period of report
Aug 11, 2017
Accepted (ET)
Aug 15, 2017 · 5:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000030697
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)F1,F2 | $15.355 | Aug 11, 2017 | A | 112,021 | A | — | Aug 11, 2027 | Common Stock | 112,021 | 112,021 | D |
| Restricted Stock UnitsF3,F4,F5 | — | Aug 11, 2017 | A | 16,281 | A | — | — | Common Stock | 16,281 | 41,661 | D |
Explanation of responses
- F1With tandem net exercise and tax withholding rights.
- F2The option vests in three equal installments on August 11, 2018, 2019 and 2020 subject to continued employment on the applicable vesting date.
- F3With tandem dividend equivalent rights and tax withholding rights.
- F4Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- F5The restricted stock units will vest in full on the third anniversary of the grant date, subject to Mr. Kane's continued employment with the Company on the vesting date.