Chefs' Warehouse, Inc. — Director's Dealing 2020

Mar 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Chefs' Warehouse, Inc. (CHEF)
CIK: 0001517175
Period of Report: 2019-02-25

Reporting Person: Pappas Christopher (Director, President and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-25	Common Stock	A	7882	—	Acquired	3203653	Direct
2020-02-25	Common Stock	A	8434	—	Acquired	3212087	Direct
2020-03-25	Common Stock	A	35750	—	Acquired	3247837	Direct
2020-03-25	Common Stock	F	7865	$11.56	Disposed	3239972	Direct

Footnotes

F1: The reporting person received 7,882 shares of performance-based restricted common stock on February 25, 2019 pursuant to The Chefs' Warehouse 2019 Omnibus Equity Incentive Plan (the "Plan"). The forfeiture restrictions associated with this award will lapse upon achievement of performance conditions based on the per-share price of Issuer's common stock.

F2: This amount reflects beneficial ownership following this transaction reported as of the date of this filing.

F3: The reporting person received 8,434 shares of performance-based restricted common stock on February 25, 2020 pursuant to the Plan. The forfeiture restrictions associated with this award will lapse upon achievement of performance conditions based on the per-share price of Issuer's common stock.

F4: The reporting person received 35,750 shares of restricted common stock on March 25, 2020 pursuant to the Plan in payment of the reporting person's 2019 annual bonus in lieu of cash payment. The forfeiture restrictions associated with this award will lapse in 50% increments as of the first and second anniversary dates of the grant date, March 25, 2019.

F5: Represents the number of common shares surrendered to pay applicable tax with respect to the grant of restricted common stock, in connection with an election made pursuant to Section 83(b) of the Internal Revenue Code.