CHIPOTLE MEXICAN GRILL INC — Director's Dealing 2020

Jul 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHIPOTLE MEXICAN GRILL INC (CMG)
CIK: 0001058090
Period of Report: 2020-07-01

Reporting Person: Niccol Brian R (Director, Chairman, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-01	common stock	M	1475	$400.20	Acquired	20554	Direct
2020-07-01	common stock	F	561	$1052.36	Disposed	19993	Direct
2020-07-01	Common stock	S	914	$1053.85	Disposed	19079	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-01	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.