4//SEC Filing
Kruguer Lawrence 4
Accession 0001636222-19-000012
CIK 0001636222other
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 5:35 PM ET
Size
21.2 KB
Accession
0001636222-19-000012
Insider Transaction Report
Form 4
Wingstop Inc.WING
Kruguer Lawrence
President of International
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2019-02-04$12.93/sh+2,663$34,433→ 5,594 total - Exercise/Conversion
Employee Stock Option (right to buy)
2019-02-04−2,663→ 0 totalExercise: $12.93Exp: 2025-06-11→ Common Stock, par value $0.01 per share (2,663 underlying) - Sale
Common Stock, par value $0.01 per share
2019-02-04$65.06/sh−2,663$173,255→ 2,931 total
Footnotes (4)
- [F1]This transaction was effected pursuant to a trading plan adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"). Accordingly, the reporting person had no discretion with regard to the timing of the transaction. The 10b5-1 Plan was adopted to facilitate diversification within the reporting person's overall portfolio.
- [F2]This transaction represents approximately 6.5% of the reporting person's total holdings of common stock (including service-based options, vested performance-based options and service-based restricted stock units) on a pre-transaction basis, which represents 41,164 shares.
- [F3]The exercise price of this stock option was originally $19.00 per share. In connection with special cash dividends paid by the Issuer and pursuant to the terms of the Issuer's 2015 Omnibus Incentive Compensation Plan (the "Plan"), the Compensation Committee of the Board of Directors of the Issuer reduced the exercise price of all eligible outstanding options under the Plan by the amounts of such special cash dividends. As a result, the option exercise price has been reduced to $12.93. The other terms of the options remained unchanged.
- [F4]On June 11, 2015, the reporting person was granted an option to purchase 26,316 shares of common stock. The option vests in four installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years 2016, 2017, 2018, and 2019, with 40% vesting based on fiscal year 2016 performance and 20% vesting based on performance in each of the other fiscal years.
Issuer
Wingstop Inc.
CIK 0001636222
Entity typeother
Related Parties
1- filerCIK 0001644364
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 5:35 PM ET
- Size
- 21.2 KB