SEC Form 4 · accession 0001127602-17-021789
J M SMUCKER Co · SJM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Barry C Dunaway
Officer — President, Pet Food and Snacks
Period of report
Jun 15, 2017
Accepted (ET)
Jun 19, 2017 · 5:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000091419
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Jun 15, 2017 | A | 7,359 | $0.00 | A | 50,399 | D | |
| Common Shares | holding | — | — | — | 2,523 | I | By 401(k) | |
| Common Shares | holding | — | — | — | 3,425 | I | By Esop |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option Common SharesF2 | $111.86 | Jun 15, 2017 | A | 20,000 | A | Jun 15, 2017 | Mar 19, 2025 | Common Shares | 20,000 | 20,000 | D |
Explanation of responses
- F1Restricted stock and restricted stock units granted pursuant to The J. M. Smucker Company 2010 Equity and Incentive Compensation Plan generally become unrestricted upon the fourth anniversary of the grant date. The Plan also provides that restricted stock and restricted stock units will vest immediately when a participant reaches the age of 60 and the participant has at least 10 years of service with the Company, although 50% of any such restricted stock awards continue to be subject to a 4-year retention period even in the event of retirement.
- F2On March 19, 2015, the reporting person was granted a performance-based non-statutory stock option to purchase 125,000 shares of common stock. The option vests in 3 equal annual installments based on the Company's achievement of certain "synergy realization" and EBITDA performance criteria for each of the fiscal years ending April 30, 2016, 2017, and 2018. The "synergy realization" performance criteria for the year ending April 30, 2017 was met, resulting in vesting of the option as to 20,000 shares.