4//SEC Filing
CHIPOTLE MEXICAN GRILL INC 4
Accession 0001209191-16-119342
$CMGCIK 0001058090operating
Filed
May 10, 8:00 PM ET
Accepted
May 11, 7:07 PM ET
Size
14.0 KB
Accession
0001209191-16-119342
Insider Transaction Report
Form 4
Crumpacker Mark
Chief Marketing Officer
Transactions
- Award
2013 Performance SOSARs
2016-05-10+4,000→ 4,000 totalExercise: $318.45From: 2016-05-10Exp: 2020-02-07→ Common Stock (4,000 underlying) - Award
2014 Performance SOSARs
2016-05-10+7,500→ 7,500 totalExercise: $543.20From: 2016-05-10Exp: 2021-02-03→ Common Stock (7,500 underlying)
Holdings
- 4,000
2013 Stock Appreciations Rights
Exercise: $318.45From: 2016-02-07Exp: 2020-02-07→ Common Stock (4,000 underlying) - 15,000
2014 Stock Appreciation Rights
Exercise: $543.20From: 2016-02-03Exp: 2021-02-03→ Common Stock (15,000 underlying) - 2,000
2013 Stock Appreciation Rights - Development
Exercise: $365.80From: 2016-06-08Exp: 2016-06-08→ Common Stock (2,000 underlying) - 3,000
Common Stock
Footnotes (5)
- [F1]This report is filed in connection with the satisfaction of performance conditions on performance-vesting stock-only stock appreciation rights, or Performance SOSARs, originally granted to the reporting person on February 7, 2013. Vesting of the second tranche of 4,000 Performance SOSARs was contingent on Chipotle's achievement of stated levels of cumulative cash flow from operations prior to the fifth fiscal year-end following the award date, with vesting to occur no sooner than February 7, 2016, subject to possible acceleration. The Compensation Committee of Chipotle's Board of Directors certified the achievement of the performance target on May 10, 2016, resulting in the second tranche of 2013 Performance SOSARs vesting in full.
- [F2]This report is filed in connection with the satisfaction of performance conditions on Performance SOSARs originally granted to the reporting person on February 3, 2014. Vesting of the 2014 Performance SOSARs is 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 3, 2016 and 2017 (with half of each 2014 Performance SOSAR subject to each such time-based vesting date), subject to possible acceleration. The Compensation Committee of Chipotle's Board of Directors certified the achievement of the first performance target on May 10, 2016, resulting in the first tranche of 7,500 2014 Performance SOSARs vesting in full.
- [F3]These 2013 Stock Appreciation Rights which were subject to time-based vesting only, vested in full on February 7, 2016.
- [F4]One half of the 2013 Stock Appreciation Rights Development vested on June 8, 2015, and the remaining half are scheduled to vest on June 8, 2016, subject to possible acceleration of vesting.
- [F5]One half of the 2014 Stock Appreciation Rights vested on February 3, 2016 and the remaining half are scheduled to vest on 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
- May 10, 8:00 PM ET
- Accepted
- May 11, 7:07 PM ET
- Size
- 14.0 KB