SEC Form 4 · accession 0001127602-15-020226
STARBUCKS CORP · SBUX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard D Schultz
Officer — chairman and ceo · Director
Period of report
Jun 5, 2015
Accepted (ET)
Jun 9, 2015 · 6:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000829224
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 20, 2015 | G | 500,000 | $0.00 | D | 32,561,814 | D | |
| Common Stock | May 20, 2015 | G | 500,000 | $0.00 | A | 500,000 | I | by spouse |
| Common Stock | Jun 5, 2015 | M | 311,738 | $15.21 | A | 32,873,552 | D | |
| Common Stock | Jun 5, 2015 | S | 311,738 | $52.2706 | D | 32,561,814 | D | |
| Common Stock | holding | — | — | — | 2,000,000 | I | by spouse | |
| Common Stock | holding | — | — | — | 2,000,000 | I | by GRAT | |
| Common Stock | holding | — | — | — | 500,000 | I | by GRAT | |
| Common Stock | holding | — | — | — | 590,000 | I | Family Owned LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (Right to Buy)F3 | $15.21 | Jun 5, 2015 | M | 311,738 | D | Nov 16, 2006 | Nov 16, 2015 | Common Stock | 311,738 | 0 | D |
Explanation of responses
- F1On April 9, 2015, Starbucks Corporation effected a 2-for-1 stock split. The number of shares reported throughout this Form 4 have been adjusted to reflect the stock split.
- F2This total has been reduced to reflect the gift of 500,000 shares of common stock to the reporting person's spouse reported in this Form 4, and 500,000 shares previously contributed by the reporting person to a grantor retained annuity trust for which the reporting person is the sole trustee and sole beneficiary.
- F3The option, representing the right to buy a total of 1,932,938 shares, became exercisable in one increment of 644,314 shares on November 16, 2006 and two increments of 644,312 shares each on November 16, 2007 and November 16, 2008. In accordance with the terms of the stock option plan, the exercise price of the option and number of shares subject to the option have been adjusted to reflect the stock split referenced above.