Burlington Stores, Inc. — Director's Dealing 2021

Mar 11, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Burlington Stores, Inc. (BURL)
CIK: 0001579298
Period of Report: 2021-02-23

Reporting Person: Vecchio Jennifer (President and CMO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-23	Common Stock	G	300	$0.00	Disposed	43270	Direct
2021-03-09	Common Stock	M	1776	$54.58	Acquired	45046	Direct
2021-03-09	Common Stock	M	9269	$80.91	Acquired	54315	Direct
2021-03-09	Common Stock	M	8889	$98.92	Acquired	63204	Direct
2021-03-09	Common Stock	S	5085	$304.43	Disposed	58119	Direct
2021-03-09	Common Stock	S	10245	$305.75	Disposed	47874	Direct
2021-03-09	Common Stock	S	3994	$306.32	Disposed	43880	Direct
2021-03-09	Common Stock	S	610	$307.30	Disposed	43270	Direct
2021-03-09	Common Stock	G	49	$0.00	Disposed	43221	Direct
2021-03-09	Common Stock	G	49	$0.00	Disposed	43172	Direct
2021-03-09	Common Stock	G	49	$0.00	Acquired	186	Indirect
2021-03-09	Common Stock	G	49	$0.00	Acquired	186	Indirect
2021-03-10	Common Stock	M	66	$98.92	Acquired	43238	Direct
2021-03-10	Common Stock	S	66	$305.13	Disposed	43172	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-09	Employee Stock Option (right to buy)	$54.58	M	1776	Disposed	2026-04-08	Common Stock (1776)	Direct
2021-03-09	Employee Stock Option (right to buy)	$80.91	M	9269	Disposed	2027-01-30	Common Stock (9269)	Direct
2021-03-09	Employee Stock Option (right to buy)	$98.92	M	8889	Disposed	2027-05-01	Common Stock (8889)	Direct
2021-03-10	Employee Stock Option (right to buy)	$98.92	M	66	Disposed	2027-05-01	Common Stock (66)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $304.00 to $304.97, 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.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from prices of $305.06 to $306.05, 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.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at ranging from prices of $306.07 to $307.04, 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 $307.23 to $307.38, 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: 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.

F6: 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.

F7: The options are currently exercisable as to 100% of the shares.

F8: The options are currently exercisable as to 75% of the shares and become exercisable as to the remaining 25% of the shares on May 1, 2021.