Fresh Market, Inc. 4
4 · Fresh Market, Inc. · Filed Mar 20, 2015
Insider Transaction Report
Form 4
Crane Sean
SVP - Store Operations
Transactions
- Disposition to Issuer
Performance Shares
2015-03-18−3,577→ 0 total→ Common Stock (3,577 underlying)
Footnotes (4)
- [F1]Each performance share represents the contingent right to receive one share of common stock of The Fresh Market, Inc. in the event that a performance goal is satisfied. This goal is based on the Company's cumulative earnings per share, on an excluded items basis, over a three year performance period ending January 25, 2015. The performance goal was not satisfied by the end date, as defined in the Performance Share Award Agreement attached as Exhibit 10.1 to the Form 8-K filed by The Fresh Market, Inc. on March 21, 2012 ("Performance Share Award Agreement"), and the performance shares were forfeited as of March 18, 2015.
- [F2]Under the terms of the Performance Share Award Agreement, the performance shares were forfeited as of March 18, 2015, without converting to common stock.
- [F3]Represents maximum award under the Performance Share Award Agreement.
- [F4]Total refers to performance shares; excludes other derivative securities beneficially owned as previously disclosed by the Reporting Person.