4//SEC Filing
Chefs' Warehouse, Inc. 4
Accession 0000947871-16-001024
$CHEFCIK 0001517175operating
Filed
Mar 8, 7:00 PM ET
Accepted
Mar 9, 9:59 PM ET
Size
14.6 KB
Accession
0000947871-16-001024
Insider Transaction Report
Form 4
AUSTIN JOHN D
Director
Transactions
- Disposition to Issuer
Common Stock
2016-03-07−34,861→ 112,042 total - Award
Common Stock
2016-03-07+6,813→ 123,397 total - Tax Payment
Common Stock
2016-03-07$20.23/sh−140$2,832→ 147,232 total - Tax Payment
Common Stock
2016-03-07$20.23/sh−329$6,656→ 146,903 total - Award
Common Stock
2016-03-07+4,542→ 116,584 total - Award
Price-Based Stock Options (Right to Buy)
2016-03-07+10,070→ 10,070 totalExercise: $7.82Exp: 2026-03-07→ Common Stock (10,070 underlying)
Footnotes (4)
- [F1]Performance Restricted Shares awarded in 2013 pursuant to The Chefs' Warehouse 2011 Omnibus Equity Incentive Plan (the "Plan") and cancelled upon failure to achieve performance targets.
- [F2]The reporting person received 4,542 shares of restricted common stock pursuant to the Plan. The forfeiture restrictions associated with this award will lapse in one-fourth increments as of the first through fourth anniversary dates of the grant date.
- [F3]The reporting person received 6,813 shares of performance-based restricted common stock pursuant to the Plan. The forfeiture restrictions associated with this award will lapse in one-fourth increments, provided that the Grantee provides continuous service to the Company through the applicable vesting date, and further provided that the additional conditions and performance criteria related to audited fully diluted earnings per share for the 2016 fiscal year are met, as set forth in the reporting person's performance-based vesting restricted share award agreement, with one-fourth of the forfeiture restrictions lapsing on the first through fourth anniversary dates of the grant date, 3/7/2016. The shares reported represent 150% of the reporting person's target award, which is the maximum number of shares that can be earned based on the Company's achievement of the performance targets.
- [F4]Price-based stock options are eligible for vesting only upon the issuer's achievement of a $30 stock price hurdle (based on 20-consecutive trading day average) on or before the fourth anniversary of the grant date; in addition, price-based stock options may not be exercised before the third anniversary of the grant date and are subject to the terms of the reporting person's non-qualified stock option agreement.
Documents
Issuer
Chefs' Warehouse, Inc.
CIK 0001517175
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001517175
Filing Metadata
- Form type
- 4
- Filed
- Mar 8, 7:00 PM ET
- Accepted
- Mar 9, 9:59 PM ET
- Size
- 14.6 KB