4//SEC Filing
Frumkin Theodore Edward II 4
Accession 0001209191-19-017504
CIK 0001575515other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 6:22 PM ET
Size
14.4 KB
Accession
0001209191-19-017504
Insider Transaction Report
Form 4
Frumkin Theodore Edward II
SVP - Business Development
Transactions
- Sale
Common Stock, par value $0.001 per share
2019-03-04$22.95/sh−3,106$71,285→ 31,826 total - Award
Common Stock, par value $0.001 per share
2019-03-04+5,749→ 37,575 total - Sale
Common Stock, par value $0.001 per share
2019-03-05$23.18/sh−235$5,447→ 37,340 total - Sale
Common Stock, par value $0.001 per share
2019-03-06$22.88/sh−496$11,349→ 36,844 total - Award
Stock Option (right to buy)
2019-03-04+8,945→ 8,945 totalExercise: $23.12Exp: 2026-03-04→ Common stock, par value $0.001 per share (8,945 underlying)
Footnotes (6)
- [F1]This transaction was a broker-assisted sale of shares of common stock to satisfy the withholding tax liability incurred upon the vesting of restricted stock units, as mandated by the Issuer's election under its equity incentive plan documents, and does not represent a discretionary trade by the reporting person.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.95 to $23.1245 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. These restricted stock units will vest over three years, with one-third vesting on March 4, 2020; one-third vesting on March 4, 2021; and the remaining one-third vesting on March 4, 2022, assuming continued employment through the applicable vest date.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.88 to $23.0281 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F5]Includes, in addition to the 5,749 shares described in Note (3), 17,875 shares of common stock, 8,269 restricted shares, and 4,951 performance share awards. Each restricted share and performance share award represents the right to receive, upon vesting, one share of common stock. 4,951 restricted shares will vest on March 3, 2020, and 3,318 restricted shares will vest evenly over two years on March 5, 2020 and March 5, 2021. The 4,951 performance shares will vest on March 3, 2020. All such vests assume continued employment through the applicable dates.
- [F6]These options become exercisable in three equal annual installments on March 4, 2020, March 4, 2021, and March 4, 2022, assuming continued employment through the vest dates.
Documents
Issuer
Sprouts Farmers Market, Inc.
CIK 0001575515
Entity typeother
Related Parties
1- filerCIK 0001581628
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 6:22 PM ET
- Size
- 14.4 KB