CHIPOTLE MEXICAN GRILL INC — Director's Dealing 2011

Feb 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHIPOTLE MEXICAN GRILL INC (CMG)
CIK: 0001058090
Period of Report: 2011-02-11

Reporting Person: Crumpacker Mark (Chief Marketing Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-11	2011 Stock Appreciation Rights	$268.73	A	7000	Acquired	2018-02-11	Common Stock (7000)	Direct

Footnotes

F1: The Stock Appreciation Rights awarded to the reporting person vest in equal amounts on the second and third anniversaries of the grant date, subject to possible acceleration of vesting.