SEC Form 4 · accession 0000096021-16-000324
SYSCO CORP · SYY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul T Moskowitz
Officer — Executive Vice President
Period of report
Nov 7, 2016
Accepted (ET)
Nov 9, 2016 · 5:07 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 Stock | Nov 7, 2016 | M | 35,054 | $28.01 | A | 78,695 | D | |
| Common StockF2 | Nov 7, 2016 | S | 35,054 | $51.40 | D | 43,641 | D | |
| Common Stock | Nov 7, 2016 | M | 39,217 | $27.65 | A | 82,858 | D | |
| Common StockF3 | Nov 7, 2016 | S | 39,217 | $51.40 | D | 43,641 | D | |
| Common Stock | Nov 8, 2016 | M | 2,446 | $28.01 | A | 46,087 | D | |
| Common Stock | Nov 8, 2016 | M | 2,783 | $27.65 | A | 48,870 | 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)F6,F5 | $28.01 | Nov 7, 2016 | M | 35,054 | D | — | Feb 23, 2018 | Common Stock | 35,054 | 2,446 | D |
| Stock Options (Right to buy)F6,F5 | $27.65 | Nov 7, 2016 | M | 39,217 | D | — | Nov 14, 2018 | Common Stock | 39,217 | 19,450 | D |
| Stock Options (Right to buy)F6,F5 | $28.01 | Nov 8, 2016 | M | 2,446 | D | — | Feb 23, 2018 | Common Stock | 2,446 | 0 | D |
| Stock Options (Right to buy)F6,F5 | $27.65 | Nov 8, 2016 | M | 2,783 | D | — | Nov 14, 2018 | Common Stock | 2,783 | 16,667 | D |
Explanation of responses
- F1The exercises and sales were effected pursuant to a Rule 10b5-1 trading plan.
- F2The price reported is a weighted average sale price per share of the 35,054 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $51.02 to $52.21. 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 price reported is a weighted average sale price per share of the 39,217 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $51.02 to $52.21. 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.
- F4The exercise was effected pursuant to a Rule 10b5-1 Plan.
- F5Options are fully exercisable.
- F6Options granted by the Compensation Committee of the company's Board of Directors pursuant to the 2007 Stock Incentive Plan, as amended.