SEC Form 4 · accession 0001127602-15-024408
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
Aug 4, 2015
Accepted (ET)
Aug 6, 2015 · 9:57 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 | Aug 4, 2015 | M | 888,436 | $18.375 | A | 33,450,250 | D | |
| Common Stock | Aug 4, 2015 | M | 300,000 | $11.435 | A | 33,750,250 | D | |
| Common StockF1 | Aug 4, 2015 | S | 1,188,436 | $58.5537 | 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 | Aug 4, 2015 | M | 888,436 | D | — | Nov 20, 2016 | Common Stock | 888,436 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F3 | $11.435 | Aug 4, 2015 | M | 300,000 | D | — | Nov 19, 2017 | Common Stock | 300,000 | 1,074,226 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $58.53 to $58.61. 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.
- F3The option, representing the right to buy a total of 1,374,226 shares, became exercisable in an increment of 171,779 shares on November 19, 2008, and increments of 171,778 shares each on November 19, 2009, November 19, 2010 and November 19, 2011. 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.