4//SEC Filing
CHIPOTLE MEXICAN GRILL INC 4
Accession 0001209191-15-060797
$CMGCIK 0001058090operating
Filed
Jul 13, 8:00 PM ET
Accepted
Jul 14, 4:33 PM ET
Size
16.8 KB
Accession
0001209191-15-060797
Insider Transaction Report
Form 4
Moran Montgomery F
DirectorCo-Chief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2015-07-13$371.63/sh+5,000$1,858,150→ 159,755 total - Tax Payment
Common Stock
2015-07-13$651.11/sh−2,854$1,858,268→ 156,901 total - Sale
Common Stock
2015-07-13$651.13/sh−2,146$1,397,325→ 154,755 total - Exercise/Conversion
2012 Stock Appreciation Rights
2015-07-13−5,000→ 70,000 totalExercise: $371.63From: 2014-02-06Exp: 2019-02-06→ Common Stock (5,000 underlying)
Holdings
- 75,000
2012 Performance SOSARs
Exercise: $371.63From: 2014-02-06Exp: 2019-02-06→ Common Stock (75,000 underlying) - 37,500
2013 Performance SOSARs
Exercise: $318.45From: 2015-02-20Exp: 2020-02-07→ Common Stock (37,500 underlying) - 75,000
2013 Stock Appreciation Rights
Exercise: $318.45From: 2015-02-07Exp: 2020-02-07→ Common Stock (75,000 underlying) - 87,500
2014 Stock Appreciation Rights
Exercise: $543.20From: 2016-02-03Exp: 2021-02-03→ Common Stock (87,500 underlying)
Footnotes (5)
- [F1]These stock appreciation rights exercises and sales were executed under the terms of a Sales Plan intended to comply with Rule 10b5-1 under the Securities and Exchange Act of 1934, as amended.
- [F2]Reflects a weighted-average price. Actual sale prices ranged from $651.05 to $651.27 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
- [F3]On February 6, 2012, Chipotle granted the reporting person performance-vesting stock-only stock appreciation rights, or Performance SOSARs, in respect of 75,000 shares of Chipotle common stock. Vesting of the Performance SOSARs was contingent on Chipotle's achievement of stated levels of cumulative cash flow from operations prior to the fourth and fifth fiscal year-ends following the award date, with vesting to occur no sooner than February 6, 2014 and 2015 (with half of each Performance SOSAR subject to each such time-based vesting date), subject to possible acceleration. The second cash flow from operations target was achieved in the 2014 fiscal year, resulting in the Performance SOSARs in respect of the second tranche of 37,500 shares vesting in full. The first tranche of 37,500 shares was exercisable as of February 6, 2014.
- [F4]One half of the 2013 Stock Appreciation Rights vested on February 7, 2015 and the remaining half are scheduled to vest on February 7, 2016, subject to possible acceleration of vesting.
- [F5]The 2014 Stock Appreciation Rights are scheduled to vest in equal installments on February 3, 2016 and February 3, 2017, subject to possible acceleration of vesting.
Documents
Issuer
CHIPOTLE MEXICAN GRILL INC
CIK 0001058090
Entity typeoperating
Related Parties
1- filerCIK 0001058090
Filing Metadata
- Form type
- 4
- Filed
- Jul 13, 8:00 PM ET
- Accepted
- Jul 14, 4:33 PM ET
- Size
- 16.8 KB