SEC Form 4 · accession 0001437749-17-005491

UNIFIRST CORP · UNF

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Cynthia Croatti

Officer — Executive VP and Treasurer · Director · 10% Owner

Period of report

Mar 27, 2017

Accepted (ET)

Mar 29, 2017 · 2:30 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 Stock	Mar 27, 2017	M	4,000	$49.67	A	4,000	D
Common Stock	Mar 27, 2017	D	2,292	$135.10	D	1,708	D
Common Stock^F1	Mar 28, 2017	S	100	$134.20	D	1,608	D
Common Stock^F1	Mar 28, 2017	S	100	$134.925	D	1,508	D
Common Stock^F1	Mar 28, 2017	S	70	$134.50	D	1,438	D
Common Stock^F1	Mar 28, 2017	S	1,338	$134.15	D	100	D
Common Stock^F1	Mar 28, 2017	S	100	$134.10	D	0	D
Class B Common Stock^F2,F3	holding	—	—		—	1,734,986	I	By Partnership
Class B Common Stock^F3,F4	holding	—	—		—	1,015,717	I	By Partnership
Class B Common Stock^F5	holding	—	—		—	4,374	I	By Trust
Common Stock^F6	holding	—	—		—	68,534	I	By LLC
Class B Common Stock^F7	holding	—	—		—	48,000	I	By Trust

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	$49.67	Mar 27, 2017	M	4,000	D	Oct 25, 2016	Oct 26, 2021	Common Stock ($0.10 par value)	4,000	4,000	D

Explanation of responses

F1Represents shares sold pursuant to a Rule 10b5-1 sales plan.
F2Represents shares owned directly by The Queue Limited Partnership and indirectly by each of Queue Management Associates, Inc., Ronald D. Croatti, Cynthia Croatti and Cecelia Levenstein. Queue Management Associates, Inc. is the general partner of The Queue Limited Partnership. Ronald D. Croatti and Cynthia Croatti are officers, directors and shareholders of Queue Management Associates, Inc., and Cecelia Levenstein is a director and shareholder of Queue Management Associates, Inc. Ronald D. Croatti is a beneficiary, but not a trustee, of a trust holding a limited partnership interest in The Queue Limited Partnership. Cynthia Croatti and Cecelia Levenstein are trustees or beneficiaries of various trusts which hold limited partnership interests in The Queue Limited Partnership.
F3Each of the aforementioned reporting persons disclaims beneficial ownership of these reported securities, except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such persons are the beneficial owners of these securities for purposes of Section 16 or any other purpose.
F4Represents shares owned directly by The Red Cat Limited Partnership and indirectly by each of Red Cat Management Associates, Inc., Ronald D. Croatti and Cynthia Croatti. Red Cat Management Associates, Inc. is the general partner of The Red Cat Limited Partnership. Ronald D. Croatti and Cynthia Croatti are officers, directors and shareholders of Red Cat Management Associates, Inc. Ronald D. Croatti is the beneficiary, but not a trustee, of a trust holding a limited partnership interest in The Red Cat Limited Partnership. Cynthia Croatti and Cecelia Levenstein are trustees or beneficiaries of certain trusts which hold limited partnership interests in The Red Cat Limited Partnership.
F5Represents shares owned directly by The Marie Croatti QTIP Trust. Ronald D. Croatti and Cynthia Croatti are trustees of The Marie Croatti QTIP Trust. Ronald D. Croatti and Cynthia Croatti disclaim beneficial ownership of these reported securities, except to the extent of each individual's pecuniary interest therein, and this report shall not be deemed an admission that either of such individuals is the beneficial owner of these securities for purposes of Section 16 or any other purpose.
F6Cynthia Croatti is the manager of Trilogy Investment Partners LLC, which as of the date of filing this report, directly owns the reported securities. Cynthia Croatti disclaims beneficial ownership of these reported securities, except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that she is the beneficial owner of the securities for purposes of Section 16 or any other purpose.
F7Cynthia Croatti is a trustee of The Samuel E. Brown Gallo Trust - 1989 and The Nicholas C. Brown Gallo Trust - 1989, which as of the date of filing this report, each directly owns a portion of these reported securities. Cynthia Croatti disclaims beneficial ownership of these reported securities, except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that she is the beneficial owner of the securities for purposes of Section 16 or any other purpose.