SEC Form 4 · accession 0001127602-17-012792
Sleep Number Corp · SNBRQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shelly Radue Ibach
Officer — President and CEO · Director
Period of report
Mar 21, 2017
Accepted (ET)
Mar 23, 2017 · 4:04 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 | holding | — | — | — | 0 | D | ||
| Common StockF1 | holding | — | — | — | 15,682 | I | by 401(k) | |
| Common Stock | holding | — | — | — | 93,511 | I | by Family Trust |
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)F2 | $23.61 | Mar 21, 2017 | A | 53,720 | A | Mar 21, 2018 | Mar 21, 2027 | Common Stock | 53,720 | 53,720 | D |
Explanation of responses
- F1Due to plan discrimination testing, there was a required pro-rata distribution of excess contributions resulting in a decrease of 107.2746 shares held by the 401(k) account.
- F2This option becomes exercisable with respect to 1/3rd of the shares on each of 3/21/18, 3/21/19 and 3/21/20.