SEC Form 4 · accession 0000096021-16-000336
SYSCO CORP · SYY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joel T. Grade
Officer — EVP and CFO
Period of report
Nov 14, 2016
Accepted (ET)
Nov 16, 2016 · 7:09 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 14, 2016 | M | 16,338 | $29.96 | A | 61,563 | D | |
| Common StockF2 | Nov 14, 2016 | S | 16,338 | $53.49 | D | 45,225 | D | |
| Common Stock | Nov 15, 2016 | M | 1,100 | $29.96 | A | 46,325 | D | |
| Common Stock | Nov 15, 2016 | M | 7,790 | $27.65 | A | 54,115 | D | |
| Common StockF4 | Nov 15, 2016 | S | 7,790 | $53.49 | D | 46,325 | D | |
| Common StockF5 | Nov 15, 2016 | F | 1,502 | $53.49 | D | 44,823 | D | |
| Common Stock | holding | — | — | — | 249 | I | Held in trust for son. |
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)F7,F6 | $29.96 | Nov 14, 2016 | M | 16,338 | D | — | Nov 13, 2019 | Common Stock | 16,338 | 18,538 | D |
| Stock Options (Right to buy)F7,F6 | $29.96 | Nov 15, 2016 | M | 1,100 | D | — | Nov 13, 2019 | Common Stock | 1,100 | 17,438 | D |
| Stock Options (Right to buy)F7,F6 | $27.65 | Nov 15, 2016 | M | 7,790 | D | — | Nov 14, 2018 | Common Stock | 7,790 | 585 | D |
Explanation of responses
- F1The exercise and sale were effected pursuant to a Rule 10b5-1 trading plan.
- F2The price reported is a weighted average sale price per share of the 16,338 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $53.00 to $53.84. 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 exercise was effected pursuant to a Rule 10b5-1 Plan.
- F4The price reported is a weighted average sale price per share of the 7,790 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $53.36 to $53.60. 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.
- F5These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations.
- F6Options are fully exercisable.
- F7Options granted by the Compensation Committee of the Company's Board of Directors pursuant to the 2007 Stock Incentive Plan, as amended.