SEC Form 4 · accession 0001127602-16-067561
Sleep Number Corp · SNBRQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Hunter Saklad
Officer — SVP & CIO
Period of report
Nov 15, 2016
Accepted (ET)
Nov 17, 2016 · 4:01 pm EST
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 StockF1 | Nov 15, 2016 | M | 1,000 | $19.97 | A | 25,254 | D | |
| Common StockF2,F1 | Nov 15, 2016 | F | 934 | $22.15 | D | 24,320 | 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 (Right to Buy)F3 | $19.97 | Nov 15, 2016 | M | 1,000 | D | — | Feb 22, 2017 | Common Stock | 1,000 | 0 | D |
Explanation of responses
- F1Includes 1,500 shares pursuant to a restricted stock award. Also reflects 4,282 shares that were inadvertently deducted from directly held securities reported on March 24, 2016. On 4/1/16 restrictions lapsed on 853 shares pursuant to a restricted performance stock award.
- F2These shares were withheld from the option exercise to cover the exercise price and the reporting person's estimated tax withholding obligation.
- F3This option was fully vested and exercisable.