SEC Form 4 · accession 0001225208-18-005875
Wendy's Co · WEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Emil J. Brolick
Director
Period of report
Mar 8, 2018
Accepted (ET)
Mar 9, 2018 · 8:39 pm EST
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 Stock | Mar 8, 2018 | M | 540,540 | $4.82 | A | 1,371,835 | D | |
| Common StockF1 | Mar 8, 2018 | S | 540,540 | $17.1381 | D | 831,295 | 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,F3 | $4.82 | Mar 8, 2018 | M | 540,540 | D | — | Sep 12, 2021 | Common Stock | 540,540 | 0 | D |
Explanation of responses
- F1The price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.975 to $17.385 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.
- F2With tandem net exercise and tax withholding rights.
- F3The option vested in full in three equal installments on September 12, 2012, 2013 and 2014 and is currently exercisable as to all 540,540 shares.