SEC Form 4 · accession 0001284084-18-000068
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
Oct 22, 2018
Accepted (ET)
Oct 23, 2018 · 4:21 pm EDT
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 StockF1,F2 | Oct 22, 2018 | A | 1,231 | $0.00 | A | 2,984 | 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 RightF4 | $152.38 | Oct 22, 2018 | A | 1,297 | A | Oct 22, 2023 | Oct 22, 2028 | Common Stock ($0.10 par value) | 1,297 | 1,297 | D |
Explanation of responses
- F1Represents restricted stock units granted under the UniFirst Corporation Amended and Restated 2010 Stock Option and Incentive Plan. Such restricted stock units vest 100% on the fifth anniversary of the grant date.
- F2Consists of 1,044 restricted stock units that vest 100% on December 20, 2022, 1,231 restricted stock units that vest 100% on October 22, 2023 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.
- F4This stock appreciation right becomes fully vested and exercisable on the fifth anniversary of the grant date (10/22/2023) and must be settled in stock at the time of exercise.