SEC Form 4 · accession 0001127602-16-070053
STARBUCKS CORP · SBUX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Culver
Officer — group pres, Global Retail
Period of report
Dec 12, 2016
Accepted (ET)
Dec 14, 2016 · 7:29 pm EST
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 | Dec 12, 2016 | M | 136,424 | $24.87 | A | 478,446 | D | |
| Common Stock | Dec 12, 2016 | M | 32,390 | $40.495 | A | 510,836 | D | |
| Common StockF1 | Dec 12, 2016 | S | 168,814 | $58.6516 | D | 342,022 | 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)F2 | $24.87 | Dec 12, 2016 | M | 136,424 | D | — | Nov 19, 2022 | Common Stock | 136,424 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F3 | $40.495 | Dec 12, 2016 | M | 32,390 | D | — | Nov 11, 2023 | Common Stock | 32,390 | 97,164 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $58.61 to $58.69. 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 136,424 shares, became exercisable in four increments of 34,106 shares each on November 19, 2013, November 19, 2014, November 19, 2015 and November 19, 2016.
- F3The option, representing the right to buy a total of 129,554 shares, became exercisable in one increment of 32,390 shares on November 11, 2014 and two increments of 32,388 shares each on November 11, 2015 and November 11, 2016, and becomes exercisable in one increment of 32,388 shares on November 11, 2017.