SEC Form 4 · accession 0000096021-17-000130
SYSCO CORP · SYY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J DeLaney III
Officer — Chief Executive Officer · Director
Period of report
Sep 20, 2017
Accepted (ET)
Sep 22, 2017 · 5:00 pm EDT
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 | Sep 20, 2017 | M | 200,000 | $27.65 | A | 576,725 | D | |
| Common StockF2 | Sep 20, 2017 | S | 200,000 | $54.24 | D | 376,725 | D | |
| Common Stock | Sep 21, 2017 | M | 200,000 | $29.96 | A | 576,725 | D | |
| Common StockF3 | Sep 21, 2017 | S | 200,000 | $54.07 | D | 376,725 | 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)F5,F4 | $27.65 | Sep 20, 2017 | M | 200,000 | D | — | Nov 14, 2018 | Common Stock | 200,000 | 0 | D |
| Stock Options (Right to buy)F5,F4 | $29.96 | Sep 21, 2017 | M | 200,000 | D | — | Nov 13, 2019 | Common Stock | 200,000 | 550,000 | 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 200,000 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $54.01 to $54.33. 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 200,000 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $53.80 to $54.40. 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.
- F4Options are fully exercisable.
- F5Options granted by the Compensation Committee of the company's Board of Directors pursuant to the 2007 Stock Incentive Plan, as amended.