SEC Form 4 · accession 0001127602-19-007518
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
Feb 20, 2019
Accepted (ET)
Feb 21, 2019 · 4:02 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 20, 2019 | M | 4,420 | $33.32 | A | 54,320 | D | |
| Common Stock | Feb 20, 2019 | M | 2,442 | $23.61 | A | 56,762 | D | |
| Common StockF1 | Feb 20, 2019 | S | 5,302 | $43.6302 | D | 51,460 | 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)F2 | $33.32 | Feb 20, 2019 | M | 4,420 | D | Mar 16, 2016 | Mar 16, 2025 | Common Stock | 4,420 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $23.61 | Feb 20, 2019 | M | 2,442 | D | Mar 21, 2018 | Mar 21, 2027 | Common Stock | 2,442 | 4,883 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices between $43.6155 and $43.6750, inclusive. The reporting person will provide to the SEC Staff, Sleep Number or any security holder of Sleep Number, upon request, full information regarding the number of shares sold at each separate price.
- F2This option was fully vested and exercisable.
- F3This option becomes exercisable with respect to 1/3rd of the shares on each of 3/21/18, 3/21/19 and 3/21/20.