SEC Form 4 · accession 0000096021-16-000208
SYSCO CORP · SYY
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
William B. Day
Officer — Executive Vice President
Period of report
May 18, 2016
Accepted (ET)
May 20, 2016 · 5:03 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 StockF2 | May 18, 2016 | S | 20,500 | $48.87 | D | 123,231 | D | |
| Common Stock | May 18, 2016 | M | 15,400 | $27.44 | A | 138,631 | D | |
| Common StockF4 | May 18, 2016 | S | 11,756 | $48.93 | D | 126,875 | D | |
| Common Stock | May 18, 2016 | M | 71,400 | $28.87 | A | 198,275 | D | |
| Common StockF5 | May 18, 2016 | S | 67,937 | $48.87 | D | 130,338 | D | |
| Common Stock | May 18, 2016 | F | 4,055 | $49.30 | D | 167,838 | D | |
| Common Stock | May 18, 2016 | M | 37,500 | $27.65 | A | 130,338 | D | |
| Common StockF7 | May 18, 2016 | S | 37,500 | $48.85 | D | 126,283 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to buy)F9,F8 | $27.44 | May 18, 2016 | M | 15,400 | D | — | Nov 9, 2016 | Common Stock | 15,400 | 0 | D |
| Stock Options (Right to buy)F9,F8 | $28.87 | May 18, 2016 | M | 71,400 | D | — | Nov 10, 2017 | Common Stock | 71,400 | 0 | D |
| Stock Options (Right to buy)F9,F8 | $27.65 | May 18, 2016 | M | 37,500 | D | — | Nov 14, 2018 | Common Stock | 37,500 | 112,500 | D |
Explanation of responses
- F1The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 11, 2016.
- F2The price reported is a weighted average sale price of the 20,500 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $48.53 to $49.21. The Reporting Person undertakes to provide to Sysco Corporation, any security holder of Sysco Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4.
- F3The exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 2, 2016.
- F4The price reported is a weighted average sale price of the 11,756 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $48.53 to $49.22. The Reporting Person undertakes to provide to Sysco Corporation, any security holder of Sysco Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4.
- F5The price reported is a weighted average sale price of the 67,937 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $48.52 to $49.22. The Reporting Person undertakes to provide to Sysco Corporation, any security holder of Sysco Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4.
- F6Represents previously-owned shares having a fair market value of $49.30 per share that were delivered by the Reporting Person in payment of the option exercise price.
- F7The price reported is a weighted average sale price of the 37,500 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $48.52 to $49.20. The Reporting Person undertakes to provide to Sysco Corporation, any security holder of Sysco Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4.
- F8Options are fully exercisable.
- F9Options granted by the Compensation Committee of the company's Board of Directors pursuant to the 2007 Stock Incentive Plan, as amended.