NOODLES & Co — Director's Dealing 2016

May 9, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NOODLES & Co (NDLS)
CIK: 0001275158
Period of Report: 2016-05-05

Reporting Person: Murphy Johanna Elaine (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-05	Class A Common Stock	A	4587	—	Acquired	4587	Direct

Footnotes

F1: Grant of Restricted Stock Units ("RSUs") to Johanna Murphy, a member of Noodles & Company's (the "Company") board of directors. The RSUs constitute half of Ms. Murphy's annual compensation for serving as a director, and the number of RSUs was determined based on the closing price of the Company's Class A common stock on the date of grant. Each RSU represents the right to receive one share of the Company's Class A common stock, and the RSUs settled in shares of the Company's Class A common stock on the date of the grant.