SEC Form 4 · accession 0001209191-15-067203
CENTRAL GARDEN & PET CO · CENT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lori A. Varlas
Officer — SVP, CFO and Secretary
Period of report
Aug 18, 2015
Accepted (ET)
Aug 20, 2015 · 7:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000887733
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Aug 18, 2015 | M | 33,750 | $9.54 | A | 89,702 | D | |
| Class A Common Stock | Aug 18, 2015 | F | 28,905 | $12.39 | D | 60,797 | D | |
| Class A Common Stock | Aug 18, 2015 | M | 8,000 | $9.26 | A | 68,797 | D | |
| Class A Common Stock | Aug 18, 2015 | F | 6,740 | $12.39 | D | 62,057 | D | |
| Class A Common Stock | Aug 20, 2015 | S | 1,260 | $13.10 | D | 60,797 | D | |
| Class A Common Stock | Aug 20, 2015 | M | 10,000 | $6.43 | A | 70,797 | D | |
| Class A Common Stock | Aug 20, 2015 | F | 6,895 | $12.80 | D | 63,902 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $9.54 | Aug 18, 2015 | M | 33,750 | D | — | Mar 26, 2018 | Class A Common Stock | 33,750 | 11,250 | D |
| Stock Option (Right to Buy)F3 | $9.26 | Aug 18, 2015 | M | 8,000 | D | — | Apr 13, 2017 | Class A Common Stock | 8,000 | 18,000 | D |
| Stock Option (Right to Buy)F4 | $6.43 | Aug 20, 2015 | M | 10,000 | D | — | Mar 31, 2019 | Class A Common Stock | 10,000 | 27,500 | D |
Explanation of responses
- F1Shares withheld by the Issuer in payment of the aggregate option exercise price and withholding tax liability incurred upon the above-reported exercise of options. The amount of shares withheld is based on the respective average of the high and low sales price on the date of exercise.
- F2On March 26, 2012, the reporting person was granted an option to purchase 45,000 shares of Class A Common Stock of the Issuer. The option vests in four equal annual installments beginning March 26, 2013.
- F3On April 13, 2011, the Issuer's Compensation Committee granted the reporting person an option to purchase 50,000 shares of Class A Common Stock of the Issuer. The option vests in five equal annual installments beginning April 13, 2012. Twenty percent of the option also vests based on the satisfaction of certain annual performance targets for each of the fiscal years ending September 2011, 2012, 2013, 2014 and 2015.
- F4On August 12, 2013, the Reporting Person was granted an option to purchase 50,000 shares of Class A Common Stock of the Issuer. The option vests in four equal annual installments beginning March 31, 2014.