SEC Form 4 · accession 0000096021-15-000059
SYSCO CORP · SYY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William B. Day
Officer — Executive Vice President
Period of report
Sep 2, 2015
Accepted (ET)
Sep 4, 2015 · 4:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000096021
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 2, 2015 | M | 4,003 | $24.99 | A | 104,094 | D | |
| Common StockF1 | Sep 2, 2015 | F | 2,547 | $39.36 | D | 101,547 | D | |
| Common Stock | Sep 2, 2015 | M | 5,999 | $24.99 | A | 107,546 | D | |
| Common StockF1 | Sep 2, 2015 | F | 4,416 | $39.36 | D | 103,130 | 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)F3,F2 | $24.99 | Sep 2, 2015 | M | 4,003 | D | — | Nov 10, 2015 | Common Stock | 4,003 | 0 | D |
| Stock Options (Right to Buy)F3,F2 | $24.99 | Sep 2, 2015 | M | 5,999 | D | — | Nov 10, 2015 | Common Stock | 5,999 | 0 | D |
Explanation of responses
- F1The reported transaction involved a "net exercise" of outstanding stock options in which the Company withheld these shares to cover payment of the exercise price and applicable taxes using the closing price of the Company's common stock of $39.36 on September 2, 2015. There was no open market sale of shares by the reporting person.
- F2Options are fully exercisable
- F3Options granted by the Compensation Committee of the Company's Board of Directors pursuant to the 2007 Stock Incentive Plan, as amended.