SEC Form 4 · accession 0000057131-18-000031
LA-Z-BOY INC · LZB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kurt L Darrow
Officer — Chairman, President & CEO · Director
Period of report
Aug 23, 2018
Accepted (ET)
Aug 27, 2018 · 1:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000057131
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Aug 23, 2018 | M | 45,720 | $11.97 | A | 549,302 | D | |
| Common SharesF2 | Aug 23, 2018 | S | 45,720 | $34.6587 | D | 503,582 | D | |
| Common Shares | holding | — | — | — | 2,753 | I | By 401k | |
| Common Shares | holding | — | — | — | 31,000 | I | By Charitable Lead Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $11.97 | Aug 23, 2018 | M | 45,720 | D | Jul 11, 2013 | Jul 11, 2022 | Common Shares | 45,720 | 78,109 | D |
Explanation of responses
- F1These options were granted under the La-Z-Boy Incorporated 2010 Omnibus Incentive Plan and become exercisable in four equal annual installments beginning on the date shown in the Date Exercisable column.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.00 to $35.35, inclusive. The reporting person undertakes to provide to issuer, any security holder of issuer, 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 ranges set forth in this footnote.