SEC Form 4 · accession 0001127602-17-032743
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 15, 2017
Accepted (ET)
Nov 17, 2017 · 7:20 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 | Nov 16, 2017 | M | 784,050 | $11.435 | A | 30,656,614 | D | |
| Common StockF1 | Nov 16, 2017 | S | 784,050 | $57.0505 | 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)F2 | $11.435 | Nov 16, 2017 | M | 784,050 | D | — | Nov 19, 2017 | Common Stock | 784,050 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F3 | $56.70 | Nov 15, 2017 | A | 699,677 | A | — | Nov 15, 2027 | Common Stock | 699,677 | 699,677 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $57.03 to $57.12. 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 1,374,226 shares, became exercisable in one increment of 343,558 shares on November 19, 2008, and three 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.
- F3The option, representing the right to buy a total of 699,677 shares, becomes exercisable in one increment of 174,920 shares on November 15, 2018 and three increments of 174,919 shares each on November 15, 2019, November 15, 2020 and November 15, 2021