SEC Form 4 · accession 0001209191-17-008896
SunOpta Inc. · STKL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Colo
Officer — President and CEO · Director
Period of report
Feb 6, 2017
Accepted (ET)
Feb 8, 2017 · 7:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000351834
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | — | Feb 6, 2017 | A | 50,000 | A | — | — | common shares | 50,000 | 50,000 | D |
| Stock Option (Right to Buy)F4 | $7.00 | Feb 6, 2017 | A | 473,940 | A | — | Feb 6, 2027 | common shares | 473,940 | 523,940 | D |
| Performance Stock UnitsF5,F6,F7 | — | Feb 6, 2017 | A | 277,780 | A | — | — | common shares | 277,780 | 801,720 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.
- F2The Restricted Stock Units vest in three equal annual installments beginning on February 6, 2018.
- F3The Restricted Stock Units do not have an expiration date.
- F4The Stock Options will vest, if at all, on February 6, 2020 based upon (i) the reporting person's continued employment with SunOpta Inc. and (ii) meeting the following stock performance conditions for 20 consecutive trading days: one-third of the Stock Options eligible to vest upon achieving a stock price of $11.00, one-third of the Stock Options eligible to vest upon achieving a stock price of $14.00, and one-third of the Stock Options eligible to vest upon achieving a stock price of $18.00.
- F5Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock.
- F6The Performance Stock Units will vest, if at all, on February 6, 2020 based upon (i) the reporting person's continued employment with SunOpta Inc. and (ii) meeting the following stock performance conditions for 20 consecutive trading days: one-third of the Performance Stock Units eligible to vest upon achieving a stock price of $11.00, one-third of the Performance Stock Units eligible to vest upon achieving a stock price of $14.00, and one-third of the Performance Stock Units eligible to vest upon achieving a stock price of $18.00.
- F7The Performance Stock Units do not have an expiration date.