SEC Form 4 · accession 0001209191-15-065856
PANERA BREAD CO · PNRA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Irene Cook
Officer — SVP, Company Operations
Period of report
Aug 11, 2015
Accepted (ET)
Aug 13, 2015 · 4:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000724606
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Aug 11, 2015 | M | 270 | $75.80 | A | 3,805 | D | |
| Class A Common Stock | Aug 11, 2015 | D | 102 | $201.66 | D | 3,703 | D | |
| Class A Common Stock | Aug 12, 2015 | S | 323 | $199.90 | D | 3,380 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF3 | $75.80 | Aug 11, 2015 | M | 270 | D | — | Aug 11, 2016 | Class A Common Stock | 270 | 0 | D |
Explanation of responses
- F1The exercise reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 13, 2015.
- F2The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 13, 2015.
- F3The stock settled appreciation right ("SSAR") vests as to 25% of the original number of shares on the second anniversary of the date of grant and as to an additional 25% of the original number of shares on each successive anniversary following the second anniversary of the grant date until the fifth anniversary of the grant date.