SEC Form 4 · accession 0001127602-16-049186
Sleep Number Corp · SNBRQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Suresh Krishna
Officer — SVP Chief Ops SC Lean Officer
Period of report
Apr 11, 2016
Accepted (ET)
Apr 13, 2016 · 4:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000827187
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 11, 2016 | A | 5,610 | $0.00 | A | 5,610 | D | |
| Common StockF1 | Apr 11, 2016 | A | 28,050 | $0.00 | A | 33,660 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Performance-based)F2 | $19.38 | holding | — | — | — | — | Apr 11, 2026 | Common Stock | 30,500 | 30,500 | D |
| Employee Stock Option (Right to Buy)F3 | $19.38 | holding | — | — | — | Apr 11, 2017 | Apr 11, 2026 | Common Stock | 14,310 | 14,310 | D |
Explanation of responses
- F1Includes 33,660 restricted stock units that will vest over time.
- F2This performance-based option grant will be earned only if the stock price of Select Comfort's common stock remains at or above a specified level for at least 20 consecutive trading days and is subject to continuous employment with the company for three years from the date of grant.
- F3This option becomes exercisable with respect to 1/3rd of the shares on each of 4/11/17, 4/11/18 and 4/11/19.