SEC Form 4 · accession 0000899243-16-033698
MONRO, INC. · MNRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W Van Heel
Officer — Chief Executive Officer · Director
Period of report
Nov 14, 2016
Accepted (ET)
Nov 16, 2016 · 6:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000876427
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 14, 2016 | F | 114,865 | $57.75 | D | 15,236 | D | |
| Common Stock | Nov 14, 2016 | M | 11,250 | $15.39 | A | 26,486 | D | |
| Common Stock | Nov 14, 2016 | M | 12,000 | $18.05 | A | 38,486 | D | |
| Common Stock | Nov 14, 2016 | M | 10,000 | $39.03 | A | 48,486 | D | |
| Common Stock | Nov 14, 2016 | M | 174,000 | $33.64 | A | 222,486 | D | |
| Common StockF2 | Nov 14, 2016 | F | 46,369 | $57.75 | D | 176,117 | D | |
| Common StockF1 | Nov 15, 2016 | F | 71,599 | $59.20 | D | 104,518 | D | |
| Common Stock | Nov 15, 2016 | M | 126,000 | $33.64 | A | 230,518 | D | |
| Common StockF2,F3 | Nov 15, 2016 | F | 28,055 | $59.20 | D | 202,463 | D | |
| HOLDINGS | holding | — | — | — | 130,101 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (Right to buy) | $15.39 | Nov 14, 2016 | M | 2,812 | D | May 17, 2008 | May 16, 2017 | Common Stock | 2,812 | 8,438 | D |
| Options (Right to buy) | $15.39 | Nov 14, 2016 | M | 2,813 | D | May 17, 2009 | May 16, 2017 | Common Stock | 2,813 | 5,625 | D |
| Options (Right to buy) | $15.39 | Nov 14, 2016 | M | 2,812 | D | May 17, 2010 | May 16, 2017 | Common Stock | 2,812 | 2,813 | D |
| Options (Right to buy) | $15.39 | Nov 14, 2016 | M | 2,813 | D | May 17, 2011 | May 16, 2017 | Common Stock | 2,813 | 0 | D |
| Options (Right to buy) | $18.05 | Nov 14, 2016 | M | 3,000 | D | May 20, 2010 | May 19, 2019 | Common Stock | 3,000 | 9,000 | D |
| Options (Right to buy) | $18.05 | Nov 14, 2016 | M | 3,000 | D | May 20, 2011 | May 19, 2019 | Common Stock | 3,000 | 6,000 | D |
| Options (Right to buy) | $18.05 | Nov 14, 2016 | M | 3,000 | D | May 20, 2012 | May 19, 2019 | Common Stock | 3,000 | 3,000 | D |
| Options (Right to buy) | $18.05 | Nov 14, 2016 | M | 3,000 | D | May 20, 2013 | May 19, 2019 | Common Stock | 3,000 | 0 | D |
| Options (Right to buy) | $39.03 | Nov 14, 2016 | M | 2,500 | D | May 15, 2013 | May 14, 2018 | Common Stock | 2,500 | 7,500 | D |
| Options (Right to buy) | $39.03 | Nov 14, 2016 | M | 2,500 | D | May 15, 2014 | May 14, 2018 | Common Stock | 2,500 | 5,000 | D |
| Options (Right to buy) | $39.03 | Nov 14, 2016 | M | 2,500 | D | May 15, 2015 | May 14, 2018 | Common Stock | 2,500 | 2,500 | D |
| Options (Right to buy) | $39.03 | Nov 14, 2016 | M | 2,500 | D | May 15, 2016 | May 14, 2018 | Common Stock | 2,500 | 0 | D |
| Options (Right to buy) | $33.64 | Nov 14, 2016 | M | 43,500 | D | Oct 1, 2013 | Sep 30, 2018 | Common Stock | 43,500 | 256,500 | D |
| Options (Right to buy) | $33.64 | Nov 14, 2016 | M | 43,500 | D | Oct 1, 2014 | Sep 30, 2018 | Common Stock | 43,500 | 213,000 | D |
| Options (Right to buy) | $33.64 | Nov 14, 2016 | M | 43,500 | D | Oct 1, 2015 | Sep 30, 2018 | Common Stock | 43,500 | 169,500 | D |
| Options (Right to buy) | $33.64 | Nov 14, 2016 | M | 43,500 | D | Oct 1, 2016 | Sep 30, 2018 | Common Stock | 43,500 | 126,000 | D |
| Options (Right to buy) | $33.64 | Nov 15, 2016 | M | 31,500 | D | Oct 1, 2013 | Sep 30, 2018 | Common Stock | 43,500 | 94,500 | D |
| Options (Right to buy) | $33.64 | Nov 15, 2016 | M | 31,500 | D | Oct 1, 2014 | Sep 30, 2018 | Common Stock | 43,500 | 63,000 | D |
| Options (Right to buy) | $33.64 | Nov 15, 2016 | M | 31,500 | D | Oct 1, 2015 | Sep 30, 2018 | Common Stock | 43,500 | 31,500 | D |
| Options (Right to buy) | $33.64 | Nov 15, 2016 | M | 31,500 | D | Oct 1, 2016 | Sep 30, 2018 | Common Stock | 43,500 | 0 | D |
Explanation of responses
- F1As permitted pursuant to the terms of the 1998 Employee Incentive Stock Option Plan and the 2007 Stock Option Plan, the reporting person utilized his ownership of existing shares in order to exercise options to purchase 333,250 non-qualified stock options, which option exercises are being reported on Tables I and II. The shares were valued at the closing price, respectively, for the Issuer's stock on November 14, 2016 and November 15, 2016, the dates on which the reporting person exercised the options.
- F2As permitted pursuant to the terms of the 1998 Employee Incentive Stock Option Plan and the 2007 Stock Option Plan, the reporting person satisfied any requisite taxes incurred as a result of the option exercises being reported on Tables I and II of this Form 4 by the Issuer withholding shares otherwise deliverable from the exercise of the options.
- F3The reporting person's holdings of Monro stock increased by 72,362 shares as a result of these transactions, which were completed for purposes of estate and tax planning.