SEC Form 4 · accession 0001225208-17-016038
Wendy's Co · WEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
E.J. Wunsch
Officer — Chief Legal Officer, Secretary
Period of report
Oct 3, 2017
Accepted (ET)
Oct 5, 2017 · 8:50 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 | Oct 3, 2017 | M | 23,207 | $0.00 | A | 23,207 | D | |
| Common StockF1 | Oct 3, 2017 | M | 443 | $0.00 | A | 23,650 | D | |
| Common Stock | Oct 3, 2017 | F | 146 | $15.355 | D | 23,504 | D | |
| Common Stock | Oct 3, 2017 | F | 7,624 | $15.355 | D | 15,880 | D | |
| Common StockF3 | Oct 4, 2017 | S | 3,548 | $15.4274 | D | 12,332 | 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 UnitsF4,F1,F5 | — | Oct 3, 2017 | M | 443 | D | — | — | Common Stock | 443 | 70,509 | D |
| Restricted Stock UnitsF4,F1,F6 | — | Oct 3, 2017 | M | 23,207 | D | — | — | Common Stock | 23,207 | 47,302 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- F2The sales reported were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
- F3The price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.36 to $15.54 per share, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4With tandem dividend equivalent rights and tax withholding rights.
- F5The dividend equivalent units had accrued on restricted stock units that vested in full on October 3, 2017; accordingly, the dividend equivalent units vested in full immediately upon being issued on October 3, 2017.
- F6The restricted stock units vested were granted on October 3, 2016 and fully vested on October 3, 2017.