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4//SEC Filing

CHIPOTLE MEXICAN GRILL INC 4

Accession 0001209191-15-062070

$CMGCIK 0001058090operating
View on SEC.govCompany Profile

Filed

Jul 21, 8:00 PM ET

Accepted

Jul 22, 5:34 PM ET

Size

30.1 KB

Accession

0001209191-15-062070

Insider Transaction Report

Form 4
Period: 2015-07-20
CHIPOTLE MEXICAN GRILL INCCMG
Moran Montgomery F
DirectorCo-Chief Executive Officer
Transactions
  • Sale

    Common Stock

    2015-07-22$719.78/sh−3,900$2,807,142→ 160,055 total
  • Sale

    Common Stock

    2015-07-22$721.08/sh−3,800$2,740,104→ 156,255 total
  • Sale

    Common Stock

    2015-07-20$676.24/sh−4,502$3,044,432→ 154,755 total
  • Sale

    Common Stock

    2015-07-22$718.85/sh−5,123$3,682,669→ 163,955 total
  • Exercise/Conversion

    Common Stock

    2015-07-20$371.63/sh+10,000$3,716,300→ 164,755 total
  • Exercise/Conversion

    Common Stock

    2015-07-22$371.63/sh+30,000$11,148,900→ 184,755 total
  • Sale

    Common Stock

    2015-07-22$721.94/sh−1,500$1,082,910→ 154,755 total
  • Tax Payment

    Common Stock

    2015-07-20$676.00/sh−5,498$3,716,648→ 159,257 total
  • Tax Payment

    Common Stock

    2015-07-22$711.18/sh−15,677$11,149,169→ 169,078 total
  • Exercise/Conversion

    2012 Stock Appreciation Rights

    2015-07-20−10,000→ 60,000 total
    Exercise: $371.63From: 2014-02-06Exp: 2019-02-06→ Common Stock (10,000 underlying)
  • Exercise/Conversion

    2012 Stock Appreciation Rights

    2015-07-22−30,000→ 30,000 total
    Exercise: $371.63From: 2014-02-06Exp: 2019-02-06→ Common Stock (30,000 underlying)
Holdings

  • 2013 Stock Appreciation Rights

    Exercise: $318.45From: 2015-02-07Exp: 2020-02-07→ Common Stock (75,000 underlying)
    75,000

  • 2012 Performance SOSARs

    Exercise: $371.63From: 2014-02-06Exp: 2019-02-06→ Common Stock (70,000 underlying)
    70,000

  • 2014 Stock Appreciation Rights

    Exercise: $543.20From: 2016-02-03Exp: 2021-02-03→ Common Stock (87,500 underlying)
    87,500

  • 2013 Performance SOSARs

    Exercise: $318.45From: 2015-02-20Exp: 2020-02-07→ Common Stock (37,500 underlying)
    37,500
Footnotes (9)
  • [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 $676.00 to $676.99 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]Reflects a weighted-average price. Actual sale prices ranged from $718.41 to $719.41 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.
  • [F4]Reflects a weighted-average price. Actual sale prices ranged from $719.42 to $720.09 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.
  • [F5]Reflects a weighted-average price. Actual sale prices ranged from $720.48 to $721.47 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.
  • [F6]Reflects a weighted-average price. Actual sale prices ranged from $721.50 to $722.37 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.
  • [F7]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.
  • [F8]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.
  • [F9]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

1 file

Issuer

CHIPOTLE MEXICAN GRILL INC

CIK 0001058090

→
Entity typeoperating

Related Parties

1
  • filerCIK 0001058090

Filing Metadata

Form type
4
Filed
Jul 21, 8:00 PM ET
Accepted
Jul 22, 5:34 PM ET
Size
30.1 KB
View on SEC.gov