PANERA BREAD CO 4
4 · PANERA BREAD CO · Filed Aug 7, 2015
Insider Transaction Report
Form 4
PANERA BREAD COPNRA
KOZIOL KENNETH M
Executive Vice President
Transactions
- Award
Class A Common Stock
2015-08-05+771→ 3,324 total - Award
Class A Common Stock
2015-08-05+385→ 3,709 total - Award
Stock Appreciation Right
2015-08-05+1,542→ 1,542 totalExercise: $202.52Exp: 2021-08-05→ Class A Common Stock (1,542 underlying)
Footnotes (3)
- [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 2015 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.
- [F3]Represents a grant of a stock settled appreciation right ("SSAR") that the Reporting Person elected to receive under a Choice Award pursuant to the LTIP. This SSAR vests as to 25% of the original number of shares underlying the SSAR on the second anniversary of the date of grant and as to an additional 25% of the original number of shares underlying the SSAR on each of the third, fourth and fifth the second anniversary of the date of grant.