SEC Form 4 · accession 0001179110-15-015402
KEURIG GREEN MOUNTAIN, INC. · GMCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen L Gibbs
Officer — VP, Chief Accounting Officer
Period of report
Nov 20, 2015
Accepted (ET)
Nov 24, 2015 · 5:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000909954
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F3 | Nov 20, 2015 | M | 944 | — | A | 2,577 | D | |
| Common StockF2,F4 | Nov 23, 2015 | F | 328 | $45.8001 | D | 2,249 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF3,F1 | — | Nov 20, 2015 | M | 944 | D | — | — | Common Stock | 944 | 0 | D |
Explanation of responses
- F1Each performance stock unit represents a contingent right to receive, upon settlement, one share of common stock. This transaction represents the settlement of vested performance stock units in shares of common stock.
- F2This number represents shares of Common Stock sold to satisfy the tax obligation due upon vesting of the performance stock units.
- F3Represents the number of shares of common stock received upon the vesting of 50% of the earned performance stock units granted to the reporting person in March 2013. Fifty percent of the earned performance stock units previously vested on November 20, 2014. The performance stock units were earned based on the Company's compounded annual growth rate in non-GAAP earnings per share during the period beginning on the first day of the Company's 2013 fiscal year and ending on the close of business on the last day of the Company's 2014 fiscal year.
- F4This transaction was executed in multiple trades at prices ranging from $45.62 to $46.00. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC Staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.