SEC Form 4 · accession 0000096021-16-000411
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
Dec 14, 2016
Accepted (ET)
Dec 16, 2016 · 5:00 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 StockF2 | Dec 14, 2016 | S | 12,479 | $55.63 | D | 56,581 | D | |
| Common Stock | Dec 14, 2016 | M | 46,180 | $38.89 | A | 102,761 | D | |
| Common StockF4 | Dec 14, 2016 | S | 46,180 | $55.71 | D | 56,581 | D | |
| Common Stock | Dec 14, 2016 | M | 22,876 | $40.59 | A | 79,457 | D | |
| Common StockF5 | Dec 14, 2016 | S | 22,876 | $55.51 | D | 56,581 | 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)F8,F6 | $38.89 | Dec 14, 2016 | M | 46,180 | D | — | Nov 18, 2024 | Common Stock | 46,180 | 69,271 | D |
| Stock Options (Right to buy)F8,F7 | $40.59 | Dec 14, 2016 | M | 22,876 | D | — | Nov 17, 2025 | Common Stock | 22,876 | 91,508 | D |
Explanation of responses
- F1The sale was effected pursuant to a Rule 10b5-1 trading plan.
- F2The price reported is a weighted average sale price of the 12,479 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $55.36 to $55.88. 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.
- F4The price reported is a weighted average sale price of the 46,180 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $55.47 to $55.89. 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 22,876 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $55.39 to $55.62. 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.
- F6One-fifth of the shares covered by the original grant vest and are exercisable on 11/18/2015, 11/18/2016, 11/18/2017, 11/18/2018, 11/18/2019, respectively. No options may be exercised prior to 11/18/2015.
- F7One-fifth of the shares covered by the original grant vest and are exercisable on 11/17/2016, 11/17/2017, 11/17/2018, 11/17/2019, 11/17/2020, respectively. No options may be exercised prior to 11/17/2016.
- F8Options granted by the Compensation Committee of the company's Board of Directors pursuant to the 2013 Long Term Incentive Plan.