CHIPOTLE MEXICAN GRILL INC — Director's Dealing 2019

Oct 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHIPOTLE MEXICAN GRILL INC (CMG)
CIK: 0001058090
Period of Report: 2019-10-01

Reporting Person: Niccol Brian R (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-01	common stock	M	1475	$400.20	Acquired	26634	Direct
2019-10-01	common stock	F	703	$840.47	Disposed	25931	Direct
2019-10-01	common stock	S	772	$843.90	Disposed	25159	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-10-01	2018 Inducement SOSAR	$400.20	M	1475	Disposed	2025-03-05	common stock (1475)	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 and Exchange Act of 1934, as amended.

F2: Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon exercise of the stock appreciation right.