SEC Form 4 · accession 0001209191-15-021698
COSTCO WHOLESALE CORP /NEW · COST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Galanti
Officer — Executive VP and CFO · Director
Period of report
Feb 27, 2015
Accepted (ET)
Mar 3, 2015 · 6:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000909832
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 27, 2015 | A | 1,599 | $146.96 | A | 29,646 | D | |
| Common Stock | holding | — | — | — | 7,000 | I | North Island Holdings LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2,F3 | $39.02 | Feb 27, 2015 | A | 5,214 | A | Apr 1, 2005 | Apr 1, 2015 | Common Stock | 5,214 | 5,214 | D |
Explanation of responses
- F1Represents additional restricted stock units ("RSUs") resulting from the upward adjustment of outstanding unvested RSUs by a factor of 1.042 in connection with the $5.00 per share special cash dividend payable by the issuer to shareholders of record on February 27, 2015. The adjustment was required under the plan documents governing the grants. The RSUs reported are subject to the same vesting schedules as the original RSUs to which they relate.
- F2This option was most recently reported as an option covering 5,000 shares at an exercise price of $40.69 per share and has been adjusted with a lower exercise price and an increased number of options, in connection with the dividend referenced in note 1. The number of outstanding options was increased by a factor of 1.042 and the option exercise price was reduced by dividing the price by that same factor. The adjustment was required under the governing plan documents.
- F3This option is fully vested.