SEC Form 4 · accession 0000096021-16-000375
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
Nov 17, 2016
Accepted (ET)
Nov 21, 2016 · 5:09 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 17, 2016 | M | 38,250 | $29.96 | A | 108,293 | D | |
| Common StockF2 | Nov 17, 2016 | S | 38,250 | $53.01 | D | 70,043 | D | |
| Common Stock | Nov 17, 2016 | M | 37,500 | $27.65 | A | 107,543 | D | |
| Common StockF3 | Nov 17, 2016 | S | 33,884 | $53.01 | D | 73,659 | D | |
| Common StockF4 | Nov 17, 2016 | F | 1,881 | $53.13 | D | 71,778 | D | |
| Common StockF5 | Nov 18, 2016 | F | 1,376 | $53.36 | D | 70,402 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF7,F6 | $29.96 | Nov 17, 2016 | M | 38,250 | D | — | Nov 13, 2019 | Common Stock | 38,250 | 0 | D |
| Common StockF7,F6 | $27.65 | Nov 17, 2016 | M | 37,500 | D | — | Nov 14, 2018 | Common Stock | 37,500 | 0 | D |
Explanation of responses
- F1The exercise and sale was effected pursuant to a Rule 10b5-1 trading plan.
- F2The price reported is a weighted average sale price of the 38,250 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $52.91 to $53.15. 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 of the 33,884 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $52.91 to $53.15. 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.
- F4Represents previously-owned shares ahving a fair market value of $53.13 per share that were delivered by the Reporting Person in payment of the option exercise price.
- 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.