SEC Form 4 · accession 0001284084-18-000017
UNIFIRST CORP · UNF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Croatti
Officer — Senior VP of Operations
Period of report
Feb 16, 2018
Accepted (ET)
Feb 20, 2018 · 4:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000717954
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 16, 2018 | M | 2,667 | $69.05 | A | 4,420 | D | |
| Common Stock | Feb 16, 2018 | M | 334 | $49.67 | A | 4,754 | D | |
| Common Stock | Feb 16, 2018 | D | 1,849 | $155.05 | D | 2,905 | D | |
| Common StockF1,F2 | Feb 20, 2018 | S | 1,152 | $155.16 | D | 1,753 | D | |
| Class B Common Stock | holding | — | — | — | 48,292 | D | ||
| Common Stock | holding | — | — | — | 810 | I | By 401(k) Plan | |
| Class B Common StockF3 | holding | — | — | — | 4,000 | I | By Son |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right | $69.05 | Feb 16, 2018 | M | 2,667 | D | Oct 22, 2017 | Oct 22, 2022 | Common stock/$0.10 par value | 2,667 | 0 | D |
| Stock Appreciation Right | $49.67 | Feb 16, 2018 | M | 334 | D | Oct 25, 2016 | Oct 25, 2021 | Common stock/$0.10 par value | 334 | 0 | D |
Explanation of responses
- F1Represents shares sold pursuant to a Rule 10b5-1 sales plan.
- F2Consists of 1,044 restricted stock units that vest 100% on December 20, 2022 and 709 shares of Common Stock owned by the reporting person.
- F3Represents shares owned by Michael Croatti's children. Michael Croatti disclaims beneficial ownership of these reported securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of these securities for purposes of Section 16 or any other purpose.