4//SEC Filing
NOODLES & Co 4
Accession 0001275158-17-000081
$NDLSCIK 0001275158operating
Filed
Jul 10, 8:00 PM ET
Accepted
Jul 11, 5:04 PM ET
Size
9.4 KB
Accession
0001275158-17-000081
Insider Transaction Report
Form 4
NOODLES & CoNDLS
MURPHY PAUL J B III
Director
Transactions
- Award
Class A Common Stock
2017-07-10+150,000→ 150,000 total - Award
Restricted Stock Units
2017-07-10+50,000→ 50,000 total→ Class A Common Stock (50,000 underlying) - Award
Stock Option (Right to Buy)
2017-07-10+100,000→ 100,000 totalExercise: $4.10Exp: 2027-07-10→ Class A Common Stock (100,000 underlying)
Footnotes (3)
- [F1]Award of Restricted Stock Units ("RSUs") received on July 10, 2017. Each RSU represents a right to receive one share of Noodles & Company Class A common stock. The RSUs vest in four equal annual installments beginning on July 10, 2018.
- [F2]These options vest 25% per year beginning one year after the transaction date.
- [F3]Each RSU represents a right to receive one share of Noodles & Company's Class A common stock. These restricted stock unites are subject to performance-based vesting conditions linked to Noodles & Company's share price for the period of July 10, 2017 through December 31, 2020 (the "Performance Period"). If Noodles & Company's shares attain a $15 per share average closing price for two consecutive calendar quarters or certain price targets are achieved in connection with a change in control during the Performance Period, then 100% of such RSU's granted will vest.
Documents
Issuer
NOODLES & Co
CIK 0001275158
Entity typeoperating
Related Parties
1- filerCIK 0001275158
Filing Metadata
- Form type
- 4
- Filed
- Jul 10, 8:00 PM ET
- Accepted
- Jul 11, 5:04 PM ET
- Size
- 9.4 KB