SEC Form 4 · accession 0001127602-18-004900
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
Feb 7, 2018
Accepted (ET)
Feb 9, 2018 · 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 Stock | Feb 7, 2018 | M | 6,610 | $3.76 | A | 6,610 | D | |
| Common StockF1 | Feb 7, 2018 | F | 2,525 | $36.21 | D | 4,085 | D | |
| Common StockF2 | Feb 7, 2018 | G | 4,085 | $36.21 | D | 0 | D | |
| Common Stock | Feb 7, 2018 | G | 4,085 | $36.21 | A | 77,141 | I | by Family Trust |
| Common Stock | holding | — | — | — | 15,552 | I | by 401(k) |
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 | $3.76 | Feb 7, 2018 | M | 6,610 | D | — | Mar 7, 2018 | Common Stock | 6,610 | 0 | D |
Explanation of responses
- F1These shares were withheld from the stock option exercise to cover the exercise price and estimated tax withholding obligation.
- F2The reporting person transferred these shares as a gift to her family trust.
- F3This performance-based option became exercisable with respect to 25% of the shares on each of 3/7/09, 3/7/10, 3/7/11 and 3/7/12.