SUPERVALU INC 4
4 · SUPERVALU INC · Filed Apr 28, 2017
Insider Transaction Report
Form 4
Gross Mark
President & CEO
Transactions
- Award
Performance Shares
2017-04-27+251,799→ 517,756 totalExercise: $0.00→ Common Stock (251,799 underlying) - Award
Non-Qualified Stock Option (right to buy)
2017-04-27+251,319→ 251,319 totalExercise: $4.17Exp: 2027-04-27→ Common Stock (251,319 underlying) - Award
Restricted Stock Units
2017-04-27+191,847→ 191,847 totalExercise: $0.00→ Common Stock (191,847 underlying)
Footnotes (5)
- [F1]Grant to reporting person of option to purchase shares of common stock under Supervalu's 2012 Stock Plan (which includes tax withholding rights) in transaction exempt under Rule 16b-3.
- [F2]Vesting occurs and the option becomes exercisable as to 34% of the shares on the first anniversary, 33% of the shares on the second anniversary and 33% of the shares on the third anniversary of the grant date.
- [F3]Each stock unit represents a contingent right to receive one share of SUPERVALU common stock.
- [F4]The units will be converted into shares of SUPERVALU common stock on the third anniversary of the grant date if SUPERVALU achieves a certain total shareholder return goal.
- [F5]The units will be converted into shares of SUPERVALU common stock pro rata on the first three anniversaries of the grant date.