SEC Form 4 · accession 0001209191-16-119683
CENTRAL GARDEN & PET CO · CENT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George A. Yuhas
Officer — General Counsel
Period of report
May 11, 2016
Accepted (ET)
May 12, 2016 · 6:46 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 | May 11, 2016 | M | 45,000 | $9.54 | A | 88,474 | D | |
| Class A Common StockF1 | May 11, 2016 | F | 37,943 | $18.36 | D | 50,531 | D | |
| Class A Common Stock | May 11, 2016 | M | 8,000 | $9.26 | A | 58,531 | D | |
| Class A Common StockF1 | May 11, 2016 | F | 6,706 | $18.36 | D | 51,825 | D | |
| Class A Common StockF2 | holding | — | — | — | 3,211 | I | By 401(k) Plan |
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)F3 | $9.54 | May 11, 2016 | M | 45,000 | D | — | Mar 26, 2018 | Class A Common Stock | 45,000 | 0 | D |
| Stock Option (Right to Buy)F4 | $9.26 | May 11, 2016 | M | 8,000 | D | — | Apr 13, 2017 | Class A Common Stock | 8,000 | 0 | 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 prices on the date of exercise.
- F2The units represent interests in the CENTA Stock Fund in the Issuer's 401(k) Plan, which consist of shares of CENTA stock and cash.
- F3On 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 vested in four equal annual installments beginning March 26, 2013 and are fully vested and exercisable.
- F4On 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 based on the satisfaction of certain annual performance targets for each of the fiscal years ending September 2011, 2012, 2013, 2014 and 2015. The performance condition was not satisfied for 10,000 shares of Class A Common Stock.