4//SEC Filing
Crumpacker Mark 4
Accession 0001209191-18-020201
CIK 0001058090other
Filed
Mar 15, 8:00 PM ET
Accepted
Mar 16, 4:39 PM ET
Size
14.2 KB
Accession
0001209191-18-020201
Insider Transaction Report
Form 4
Crumpacker Mark
Chief Marketing Officer
Transactions
- Award
Common Stock
2018-03-15+3,461→ 6,461 total - Award
2014 Performance SOSARs
2018-03-15+7,500→ 15,000 totalExercise: $543.20From: 2018-03-15Exp: 2021-02-03→ Common Stock (7,500 underlying)
Holdings
- 15,000
2014 Stock Appreciation Rights
Exercise: $543.20From: 2016-02-03Exp: 2021-02-03→ Common Stock (15,000 underlying) - 4,000
2013 Performance SOSARs
Exercise: $318.45From: 2015-02-07Exp: 2020-02-07→ Common Stock (4,000 underlying) - 4,000
2013 Stock Appreciation Rights
Exercise: $318.45From: 2015-02-07Exp: 2020-02-07→ Common Stock (4,000 underlying) - 2,000
2013 Stock Appreciation Rights - Development
Exercise: $365.80From: 2016-06-08Exp: 2020-06-08→ Common Stock (2,000 underlying)
Footnotes (7)
- [F1]Reflects the partial payout of performance shares originally awarded to the reporting person on February 20, 2015. Vesting of the performance shares was dependent on Chipotle's comparative achievement versus restaurant industry peer companies in average annual growth in sales, net income and shareholder return over the period from January 1, 2015 through December 31, 2017. The Compensation Committee of Chipotle's Board of Directors certified the level of achievement versus the peer group on March 15, 2018, resulting in partial vesting of the performance shares.
- [F2]Reflects the satisfaction of performance conditions on performance-vesting stock-only stock appreciation rights, or Performance SOSARs, originally granted to the reporting person on February 3, 2014. Vesting of the second tranche of 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 3, 2017, subject to possible acceleration. The Compensation Committee of Chipotle's Board of Directors certified the achievement of the performance target on March 15, 2018, resulting in vesting of the second tranche of 2014 Performance SOSARs.
- [F3]The first tranche of the 2014 Performance SOSARs vested and became exercisable as of May 10, 2016.
- [F4]One half of the 2014 Stock Appreciation Rights vested and became exercisable on February 3, 2016, and the remaining half vested and became exercisable on February 3, 2017.
- [F5]One half of the 2013 Performance SOSARs vested and became exercisable on February 7, 2015, and the remaining half vested and became exercisable on May 10, 2016.
- [F6]One half of the 2013 Stock Appreciation Rights vested and became exercisable on February 7, 2015, and the remaining half vested and became exercisable on February 7, 2016.
- [F7]One half of the 2013 Stock Appreciation Rights - Development vested and became exercisable on June 8, 2015, and the remaining half vested and became exercisable on June 8, 2016.
Documents
Issuer
CHIPOTLE MEXICAN GRILL INC
CIK 0001058090
Entity typeother
Related Parties
1- filerCIK 0001453251
Filing Metadata
- Form type
- 4
- Filed
- Mar 15, 8:00 PM ET
- Accepted
- Mar 16, 4:39 PM ET
- Size
- 14.2 KB