SEC Form 4 · accession 0000899243-17-014725
MONRO, INC. · MNRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter J Solomon
Director
Period of report
May 25, 2017
Accepted (ET)
May 30, 2017 · 5:02 pm EDT
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 StockF2 | May 25, 2017 | F | 7,151 | $49.20 | D | 389,675 | D | |
| Common Stock | May 25, 2017 | M | 10,000 | $35.18 | A | 399,675 | D | |
| Common Stock (Holdings)F1 | holding | — | — | — | 396,826 | D | ||
| Common Stock (Holdings)F3 | holding | — | — | — | 498,352 | I | Trustee |
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) | $35.18 | May 25, 2017 | M | 10,000 | D | Aug 7, 2012 | Aug 6, 2017 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1Includes 10,000 shares of Class C Preferred Stock, which are presently convertible into 233,888 shares of Common Stock of the Issuer.
- F2As permitted pursuant to the terms of the 2007 Stock Option Plan, the reporting person utilized her ownership of existing shares in order to exercise options to purchase 10,000 non-qualified stock options, which option exercises are being reported on Tables I and II. The shares were valued at the closing price, respectively, of the Issuer's stock on May 25, 2017, the dates on which the reporting person exercised the options.
- F3Includes 15,725 shares of Class C Preferred Stock of the Issuer convertible into 367,888 shares of Common Stock of the Issuer. These shares are held in trust for the benefit of Mr. Solomon's children and grandchildren. Mr. Solomon is a trustee of such trusts and, accordingly, may be deemed to have a beneficial interest therein. Mr. Solomon expressly disclaims beneficial ownership of securities held by such trusts, and this report shall not be deemed an admission that Mr. Solomon is the beneficial owner of such securities.