Krishna Suresh 4
4 · Sleep Number Corp · Filed Feb 26, 2020
Insider Transaction Report
Form 4
Krishna Suresh
SVP Chief Ops SC Lean Officer
Transactions
- Exercise/Conversion
Common Stock
2020-02-25$23.61/sh+3,866$91,276→ 65,656 total - Exercise/Conversion
Employee Stock Option (Performance-based)
2020-02-25−8,800→ 0 totalExercise: $19.38Exp: 2026-04-11→ Common Stock (8,800 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
2020-02-25−2,555→ 5,110 totalExercise: $34.35From: 2019-03-21Exp: 2028-03-21→ Common Stock (2,555 underlying) - Sale
Common Stock
2020-02-25$53.33/sh−13,600$725,291→ 39,390 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2020-02-25−3,866→ 3,867 totalExercise: $23.61From: 2018-03-21Exp: 2027-03-21→ Common Stock (3,866 underlying) - Exercise/Conversion
Common Stock
2020-02-25$19.38/sh+8,800$170,544→ 61,790 total - Exercise/Conversion
Common Stock
2020-02-25$34.35/sh+2,555$87,764→ 68,211 total - Sale
Common Stock
2020-02-25$53.00/sh−15,221$806,778→ 52,990 total
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. The 15,221 shares were sold in multiple transactions at prices between $53.00 and $53.08, inclusive. The 13,600 shares were sold in multiple transactions at prices between $53.25 and $53.47, inclusive. The reporting person will provide the SEC Staff, Sleep Number or any security holder of Sleep Number, upon request, full information regarding the number of shares sold at each separate price.
- [F2]This performance-based option grant was earned only if the stock price of Sleep Number's common stock remained at or above a specified level for at least 20 consecutive trading days and was subject to continuous employment with the company for three years from the date of grant. The option grant fully vested and became exercisable on 4/11/19.
- [F3]This option becomes exercisable with respect to 1/3rd of the shares on each of 3/21/18, 3/21/19 and 3/21/20.
- [F4]This option becomes exercisable with respect to 1/3 of the shares on each of 3/21/19, 3/21/20 and 3/21/21.