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CHIPOTLE MEXICAN GRILL INC Director's Dealing 2012

Mar 19, 2012

29999_dirs_2012-03-19_e80579db-a6f8-4cd7-81d3-1c0b27fccfb0.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHIPOTLE MEXICAN GRILL INC (CMG)
CIK: 0001058090
Period of Report: 2012-03-15

Reporting Person: Moran Montgomery F (Director, Co-Chief Executive Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-03-15 Common Stock M 30000 $103.79 Acquired 163837 Direct
2012-03-15 Common Stock D 7649 $407.08 Disposed 156188 Direct
2012-03-16 Common Stock S 13027 $406.1 Disposed 143161 Direct
2012-03-16 Common Stock S 6528 $406.95 Disposed 136633 Direct
2012-03-16 Common Stock S 2796 $407.89 Disposed 133837 Direct
2012-03-16 Common Stock M 15000 $103.79 Acquired 148837 Direct
2012-03-16 Common Stock D 3789 $410.91 Disposed 145048 Direct
2012-03-19 Common Stock S 3225 $407.43 Disposed 141823 Direct
2012-03-19 Common Stock S 4867 $408.05 Disposed 136956 Direct
2012-03-19 Common Stock S 2396 $408.91 Disposed 134560 Direct
2012-03-19 Common Stock S 723 $409.93 Disposed 133837 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-03-13 2010 Stock Appreciation Rights $103.79 M 30000 Disposed 2017-02-16 Common Stock (30000) Direct
2012-03-16 2010 Stock Appreciation Rights $103.79 M 15000 Disposed 2017-02-16 Common Stock (15000) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
2011 Stock Appreciation Rights $268.73 2018-02-11 Common Stock (75000) 75000 Direct
2012 Stock Appreciation Rights $371.63 2019-02-06 Common Stock (75000) 75000 Direct

Footnotes

F1: These stock appreciation rights exercises and sales were executed under the terms of a Sales Plan intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F2: Reflects a weighted-average price. Actual sale prices ranged from $405.58 to $406.57 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.

F3: Reflects a weighted-average price. Actual sale prices ranged from $406.65 to $407.62 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.

F4: Reflects a weighted-average price. Actual sale prices ranged from $407.65 to $408.25 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.

F5: Reflects a weighted-average price. Actual sale prices ranged from $407.18 to $407.50 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.

F6: Reflects a weighted-average price. Actual sale prices ranged from $407.52 to $408.51 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.

F7: Reflects a weighted-average price. Actual sale prices ranged from $408.52 to $409.51 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.

F8: Reflects a weighted-average price. Actual sale prices ranged from $409.69 to $410.53 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.

F9: 75,000 of the 2010 Stock Appreciation Rights vest on 2/16/2013.

F10: 37,500 of the 2011 Stock Appreciation Rights vest on 2/11/2014.

F11: 37,500 of the 2012 Stock Appreciation Rights vest on 2/06/2015.