SEC Form 4 · accession 0001127602-17-013268
Sleep Number Corp · SNBRQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Melissa Barra
Officer — SVP, Chief Strategy & CRO
Period of report
Mar 28, 2017
Accepted (ET)
Mar 30, 2017 · 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 StockF1 | Mar 28, 2017 | A | 7,031 | $0.00 | A | 15,095 | D | |
| Common StockF2,F1 | Mar 28, 2017 | M | 11,505 | — | A | 26,600 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (Performance-based)F2 | — | Mar 28, 2017 | M | 11,505 | D | — | Mar 28, 2017 | Common Stock | 11,505 | 0 | D |
Explanation of responses
- F1Includes 2,780 restricted stock units that will vest over time.
- F2Each performance right represents a contingent right to receive one share of Select Comfort common stock. Vesting of the performance rights will occur only at the end of three years and 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.