SEC Form 4 · accession 0001127602-15-020611
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 10, 2015
Accepted (ET)
Jun 12, 2015 · 5:50 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 Stock | Jun 10, 2015 | M | 200,000 | $18.375 | A | 32,761,814 | D | |
| Common StockF1 | Jun 10, 2015 | S | 200,000 | $52.8246 | 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 | — | — | — | 500,000 | I | by spouse | |
| 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)F2 | $18.375 | Jun 10, 2015 | M | 200,000 | D | Nov 20, 2007 | Nov 20, 2016 | Common Stock | 200,000 | 888,436 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $52.8244 to $52.8247. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F2The option, representing the right to buy a total of 1,088,436 shares, became exercisable in two increments of 272,110 shares each on November 20, 2007 and November 20, 2008, and two increments of 272,108 shares each on November 20, 2009 and November 20, 2010. The exercise price and number of shares subject to the option were adjusted in accordance with the terms of the stock option plan to reflect the 2-for-1 stock split that occurred on April 9, 2015.