SEC Form 4 · accession 0001310524-16-000058
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
Jun 30, 2016
Accepted (ET)
Jul 5, 2016 · 6:56 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 | Jun 30, 2016 | M | 34,314 | $7.75 | A | 641,757 | D | |
| Common Shares | Jun 30, 2016 | M | 36,415 | $9.35 | A | 678,172 | D | |
| Common SharesF2 | Jun 30, 2016 | S | 70,729 | $27.8136 | D | 607,443 | D | |
| Common Shares | Jul 1, 2016 | M | 40,000 | $9.35 | A | 647,443 | D | |
| Common SharesF3 | Jul 1, 2016 | S | 40,000 | $27.7491 | D | 607,443 | D | |
| Common Shares | holding | — | — | — | 2,753 | I | by 401(k) |
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 | $7.75 | Jun 30, 2016 | M | 34,314 | D | Jul 14, 2011 | Jul 14, 2020 | Common Shares | 34,314 | 0 | D |
| Stock Option (right to buy)F1 | $9.35 | Jun 30, 2016 | M | 36,415 | D | Jul 13, 2012 | Jul 13, 2021 | Common Shares | 36,415 | 40,000 | D |
| Stock Option (right to buy)F1 | $9.35 | Jul 1, 2016 | M | 40,000 | D | Jul 13, 2012 | Jul 13, 2021 | Common Shares | 40,000 | 0 | 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 $27.75 to $27.8650, inclusive.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.39 to $28.27, 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 shraes sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4.