SEC Form 4 · accession 0000096021-16-000175
SYSCO CORP · SYY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Bene
Officer — President and COO
Period of report
Feb 18, 2016
Accepted (ET)
Feb 19, 2016 · 5:06 pm EST
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 StockF1 | Feb 18, 2016 | A | 2,892 | $0.00 | A | 66,353 | 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 | $44.38 | Feb 18, 2016 | A | 40,849 | A | — | Feb 18, 2026 | Common Stock | 40,849 | 40,849 | D |
Explanation of responses
- F1Restricted stock units granted by the Compensation Committee of the Company's Board of Directors pursuant to the 2013 Long Term Incentive Plan. This award of restricted stock units was made in connection with the reporting person's promotion to President and Chief Operating Officer effective January 1, 2016, as previously announced in a Currrent Report on Form 8-K filed by Sysco Corporation on December 29, 2015.
- F2One-fifth of the shares covered by the grant vest and are exercisable on 02/18/2017, 02/18/2018, 02/18/2019, 02/18/2020, 02/18/2021, espectively. No options may be exercised prior to 02/18/2017. Options will expire on 02/18/2026.
- F3Options granted by the Compensation Committee of the Company's Board of Directors pursuant to the 2013 Long Term Incentive Plan. This award of stock options was made in connection with the reporting person's promotion to President and Chief Operating Officer effective January 1, 2016, as previously announced in a Currrent Report on Form 8-K filed by Sysco Corporation on December 29, 2015.