PANERA BREAD CO 4
4 · PANERA BREAD CO · Filed Aug 8, 2014
Insider Transaction Report
Form 4
PANERA BREAD COPNRA
BORLAND MARK
SVP,Chief Supply Chain Officer
Transactions
- Award
Class A Common Stock
2014-08-06+679→ 6,836 total - Award
Class A Common Stock
2014-08-06+679→ 6,157 total
Footnotes (2)
- [F1]Represents a grant of restricted shares of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"), under the Company's 2005 Long-Term Incentive Program, as amended ("LTIP"), and the Company's 2006 Stock Incentive Plan. These shares vest over a five-year period, with 25% of the original number of shares vesting on the second anniversary of the date of the grant, and an additional 25% of the original number of shares vesting on each of the third, fourth and fifth anniversary of the date of grant.
- [F2]Represents a grant of restricted shares of Class A Common Stock that the Reporting Person elected to receive under a Choice Award pursuant to the LTIP. These shares vest over a five-year period, with 25% of the original number of shares vesting on the second anniversary of the date of the grant, and an additional 25% of the original number of shares vesting on each of the third, fourth and fifth anniversary of the date of grant.