Burlington Stores, Inc. — Director's Dealing 2019

Dec 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Burlington Stores, Inc. (BURL)
CIK: 0001579298
Period of Report: 2019-11-29

Reporting Person: Vecchio Jennifer (President and CMO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-29	Common Stock	M	2000	$53.01	Acquired	40060	Direct
2019-11-29	Common Stock	S	1527	$226.62	Disposed	38533	Direct
2019-11-29	Common Stock	S	473	$227.24	Disposed	38060	Direct
2019-11-29	Common Stock	M	11016	$53.01	Acquired	49076	Direct
2019-11-29	Common Stock	M	4000	$54.58	Acquired	53076	Direct
2019-11-29	Common Stock	S	6342	$224.97	Disposed	46734	Direct
2019-11-29	Common Stock	S	3648	$226.10	Disposed	43086	Direct
2019-11-29	Common Stock	S	5026	$226.91	Disposed	38060	Direct
2019-12-02	Common Stock	G	440	$0.00	Disposed	37620	Direct
2019-12-02	Common Stock	G	67	$0.00	Disposed	37553	Direct
2019-12-02	Common Stock	G	67	$0.00	Disposed	37486	Direct
2019-12-02	Common Stock	G	67	$0.00	Acquired	67	Indirect
2019-12-02	Common Stock	G	67	$0.00	Acquired	67	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-29	Employee Stock Option (right to buy)	$53.01	M	13016	Disposed	2025-05-11	Common Stock (13016)	Direct
2019-11-29	Employee Stock Option (right to buy)	$54.58	M	4000	Disposed	2026-04-08	Common Stock (4000)	Direct

Footnotes

F1: The option exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 26, 2019.

F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 26, 2019.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $226.00 to $226.99, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., 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 to this Form 4.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $227.04 to $227.67, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., 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 to this Form 4.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $224.50 to $225.42, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., 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 to this Form 4.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $225.57 to $226.55, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., 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 to this Form 4.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $226.63 to $227.39, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., 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 to this Form 4.

F8: Transfer to reporting person as custodian for son under Uniform Transfers to Minors Act. The reporting person disclaims beneficial ownership of those shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.

F9: Transfer to reporting person as custodian for daughter under Uniform Transfers to Minors Act. The reporting person disclaims beneficial ownership of those shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.

F10: The options are currently exercisable as to 100% of the shares.

F11: The options are currently exercisable as to 75% of the shares and become exercisable as to the remaining 25% of the shares on April 8, 2020.