4//SEC Filing
TRIAN FUND MANAGEMENT, L.P. 4
Accession 0001209191-20-030701
CIK 0000096021other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 7:04 PM ET
Size
16.5 KB
Accession
0001209191-20-030701
Insider Transaction Report
Form 4
SYSCO CORPSYY
Frank Joshua D.
Director
Transactions
- Purchase
Common Stock
2020-05-18$51.90/sh+95,091$4,934,804→ 24,375,303 total(indirect: Please see explanation below) - Purchase
Common Stock
2020-05-15$47.64/sh+48,778$2,323,823→ 24,271,603 total(indirect: Please see explanation below) - Purchase
Common Stock
2020-05-15$47.40/sh+551,222$26,125,332→ 24,222,825 total(indirect: Please see explanation below) - Purchase
Common Stock
2020-05-18$50.64/sh+8,609$435,922→ 24,280,212 total(indirect: Please see explanation below)
Holdings
- 2,270
Common Stock
Trian Fund Management, L.P.
Director
Transactions
- Purchase
Common Stock
2020-05-18$50.64/sh+8,609$435,922→ 24,280,212 total(indirect: Please see explanation below) - Purchase
Common Stock
2020-05-15$47.64/sh+48,778$2,323,823→ 24,271,603 total(indirect: Please see explanation below) - Purchase
Common Stock
2020-05-18$51.90/sh+95,091$4,934,804→ 24,375,303 total(indirect: Please see explanation below) - Purchase
Common Stock
2020-05-15$47.40/sh+551,222$26,125,332→ 24,222,825 total(indirect: Please see explanation below)
Holdings
- 2,270
Common Stock
Footnotes (7)
- [F1]The price shown in Column 4 is a weighted average purchase price. The price range for the purchases is $46.6350 to $47.6250. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
- [F2]In connection with their service on the Issuer's Board of Directors, Mr. Frank and Nelson Peltz each receive shares of common stock from the Issuer. Each of Messrs. Peltz and Frank transferred 3,174 of those shares to Trian Fund Management, L.P. ("Trian Management"), for no consideration, pursuant to agreements entered into on August 21, 2015 with Trian Management relating to compensation received in connection with their service as directors of the Issuer.
- [F3]Trian Management serves as the management company for Trian Partners, L.P., Trian Partners Master Fund, L.P., Trian Partners Parallel Fund I, L.P., Trian Partners Strategic Investment Fund II, L.P., Trian Partners Strategic Investment Fund-A, L.P., Trian Partners CoInvestment Fund-A, L.P., Trian Partners Strategic Investment Fund-N, L.P., Trian Partners Strategic Investment Fund-D, L.P., Trian Partners Fund (Sub)-G,L.P., Trian Partners Strategic Fund-G II, L.P., Trian Partners Strategic Fund G-III, L.P., Trian Partners Co-Investment Opportunities Fund, Ltd., Trian Partners Strategic Fund-K, L.P. and Trian Partners Strategic Fund-C, Ltd. (collectively, the "Trian Entities") and as such determines the investment and voting decisions of the Trian Entities with respect to the shares of the Issuer held by them.
- [F4](FN 3, contd.) Mr. Frank is a limited partner of Trian Partners SPV XI GP, L.P. ("SPV XI GP") and certain affiliates of the Trian Entities and therefore may be deemed to have an indirect interest in the shares held by SPV XI GP, the Trian Entities and Trian Management. The Reporting Persons disclaim beneficial ownership of such shares except to the extent of their respective pecuniary interests therein and this report shall not be deemed an admission that the Reporting Persons are the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Mr. Frank is a director of the Issuer.
- [F5]The price shown in Column 4 is a weighted average purchase price. The price range for the purchases is $47.63 to $47.69. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
- [F6]The price shown in Column 4 is a weighted average purchase price. The price range for the purchases is $50.29 to $51.28. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
- [F7]The price shown in Column 4 is a weighted average purchase price. The price range for the purchases is $51.30 to $52.27. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
Documents
Issuer
SYSCO CORP
CIK 0000096021
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001345471
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 7:04 PM ET
- Size
- 16.5 KB