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Chefs' Warehouse, Inc. — Director's Dealing 2019
Oct 9, 2019
31546_dirs_2019-10-09_54f294c6-d827-4b83-a0af-6d29f261b22b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Chefs' Warehouse, Inc. (CHEF)
CIK: 0001517175
Period of Report: 2019-10-07
Reporting Person: Pappas John (Director, Vice Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-10-07 | Common Stock | M | 44757 | $20.23 | Acquired | 1359358 | Direct |
| 2019-10-07 | Common Stock | S | 43122 | $36.58 | Disposed | 1316236 | Direct |
| 2019-10-07 | Common Stock | S | 1635 | $37.43 | Disposed | 1314601 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-10-07 | Price-Based Stock Options (Right to Buy) | $20.23 | M | 44757 | Disposed | 2026-03-07 | Common Stock (44757) | Direct |
Footnotes
F1: The exercise of this price-based stock option and the sale of shares received pursuant thereto were executed pursuant to a 10b5-1 plan put in place by the Reporting Person on 09/06/2019.
F2: Represents the weighted average sales price of the shares sold ranging from a low of $36.12 to a high of $37.03 per share. The Reporting Person undertakes, upon request by the Commission staff, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
F3: Represents the weighted average sales price of the shares sold ranging from a low of $37.22 to a high of $37.70 per share. The Reporting Person undertakes, upon request by the Commission staff, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
F4: Price-based stock options were eligible for vesting upon the issuer's achievement of a $30 stock price hurdle (based on 20-consecutive trading day average) on or before the fourth anniversary of the grant date (03/07/2016); in addition, price-based stock options were not exercisable before the third anniversary of the grant date and were subject to the terms of the Reporting Person's non-qualified stock option agreement.