SEC Form 4 · accession 0001127602-17-032462
STARBUCKS CORP · SBUX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard D Schultz
Officer — executive chairman · Director
Period of report
Nov 14, 2017
Accepted (ET)
Nov 16, 2017 · 6:49 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 StockF1 | Nov 14, 2017 | A | 83,553 | $0.00 | A | 29,872,564 | D | |
| Common Stock | Nov 15, 2017 | M | 290,176 | $11.435 | A | 30,162,740 | D | |
| Common StockF2 | Nov 15, 2017 | S | 290,176 | $57.0289 | D | 29,872,564 | D | |
| Common Stock | holding | — | — | — | 2,000,000 | I | by GRAT | |
| Common Stock | holding | — | — | — | 2,000,000 | I | by spouse | |
| Common Stock | holding | — | — | — | 550,181 | I | by Family Owned LLC | |
| Common Stock | holding | — | — | — | 1,060,000 | I | by GRAT | |
| Common Stock | holding | — | — | — | 1,060,000 | I | by spouse |
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 | $11.435 | Nov 15, 2017 | M | 290,176 | D | — | Nov 19, 2017 | Common Stock | 290,176 | 784,050 | D |
Explanation of responses
- F1Restricted Stock Units ("RSUs") earned on the achievement of performance goals under performance-based RSUs granted on November 16, 2015. The RSUs are scheduled to vest, subject to continued employment, as follows; 41,777 shares on November 16, 2017 and 41,776 shares on November 16, 2018.
- F2This transaction was executed in multiple trades at prices ranging from $57.025 to $57.03. 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 1,374,226 shares, became exercisable in an increment of 343,558 shares on November 19, 2008, and increments of 343,556 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.