SEC Form 4 · accession 0001127602-16-051831
STARBUCKS CORP · SBUX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Culver
Officer — group pres, CAP, Channel Dev
Period of report
May 9, 2016
Accepted (ET)
May 11, 2016 · 5:56 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 | May 9, 2016 | M | 20,214 | $15.3925 | A | 334,982 | D | |
| Common Stock | May 9, 2016 | M | 125,316 | $21.82 | A | 460,298 | D | |
| Common StockF2 | May 9, 2016 | S | 145,530 | $56.7093 | D | 314,768 | D |
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 | $15.3925 | May 9, 2016 | M | 20,214 | D | — | Nov 15, 2020 | Common Stock | 20,214 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F4 | $21.82 | May 9, 2016 | M | 125,316 | D | — | Nov 14, 2021 | Common Stock | 125,316 | 0 | D |
Explanation of responses
- F1Includes 37 shares purchased on December 31, 2015 and 305 shares purchased on March 31, 2016, pursuant to the Starbucks Corporation Employee Stock Purchase Plan.
- F2This transaction was executed in multiple trades at prices ranging from $56.50 to $56.89. 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.
- F3The option, representing the right to buy a total of 167,194 shares, became exercisable in one increment of 41,800 shares on November 15, 2011 and three increments of 41,798 shares each on November 15, 2012, November 15, 2013 and November 15, 2014.
- F4The option, representing the right to buy a total of 125,316 shares, became exercisable in two increments of 31,330 shares each on November 14, 2012 and November 14, 2013 and two increments of 31,328 shares each on November 14, 2014 and November 14, 2015.