SEC Form 4 · accession 0001127602-17-018821
Sleep Number Corp · SNBRQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brenda J Lauderback
Director
Period of report
May 17, 2017
Accepted (ET)
May 19, 2017 · 4:06 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 | May 17, 2017 | A | 2,420 | $0.00 | A | 34,662 | D | |
| Common StockF2,F3 | May 17, 2017 | S | 1,372 | $29.55 | D | 33,290 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4 | $29.37 | May 17, 2017 | A | 1,875 | A | May 17, 2018 | May 17, 2027 | Common Stock | 1,875 | 1,875 | D |
Explanation of responses
- F1Includes 2,420 restricted stock units that will vest over time. On 5/14/17 the reporting person took receipt of 3,430 shares from a restricted stock award that had previously been deferred. On 5/17/17 restrictions lapsed on 3,303 shares pursuant to a restricted stock unit award and the reporting person has deferred receipt of those shares.
- F2These shares were sold to cover the estimated tax liability for a recent deferred RSU vesting event.
- F3Includes 2,420 shares pursuant to a restricted stock award.
- F4This option becomes fully exercisable on 5/17/18.