SEC Form 4 · accession 0000096021-17-000027
SYSCO CORP · SYY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell T. Libby
Officer — Executive Vice President
Period of report
Jan 17, 2017
Accepted (ET)
Jan 19, 2017 · 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 Stock | Jan 17, 2017 | M | 13,333 | $29.96 | A | 80,017 | D | |
| Common StockF2 | Jan 17, 2017 | S | 13,333 | $54.99 | D | 66,684 | D | |
| Common Stock | Jan 17, 2017 | M | 8,884 | $27.65 | A | 75,568 | D | |
| Common StockF3 | Jan 17, 2017 | S | 8,884 | $54.79 | D | 66,684 | 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,F4 | $29.96 | Jan 17, 2017 | M | 13,333 | D | — | Nov 13, 2019 | Common Stock | 13,333 | 13,334 | D |
| Stock Options (Right to buy)F6,F5 | $27.65 | Jan 17, 2017 | M | 8,884 | D | — | Nov 14, 2018 | Common Stock | 8,884 | 0 | 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 13,333 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $54.88 to $55.09. 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 ranges set forth in the footnote of this Form 4.
- F3The price reported is a weighted average sale price per share of the 8,884 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $54.59 to $54.96. 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 ranges set forth in the footnote of this Form 4.
- F4One-fifth of the shares covered by the original grant vest and are exercisable on 11/13/2013, 11/13/2014, 11/13/2015, 11/13/2016 and 11/13/2017, respectively.
- 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.