NOODLES & Co — Director's Dealing 2019

Jul 5, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NOODLES & Co (NDLS)
CIK: 0001275158
Period of Report: 2019-06-28

Reporting Person: Lockhart Kathryn Rae (Vice President & Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-28	Class A Common Stock	A	9137	—	Acquired	30921	Direct
2019-06-29	Class A Common Stock	F	411	$7.88	Disposed	30510	Direct
2019-06-30	Class A Common Stock	F	1079	$7.88	Disposed	29431	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-06-28	Stock Option (Right to Buy)	$7.88	A	4214	Acquired	2029-06-28	Class A Common Stock (4214.0)	Direct

Footnotes

F1: Award of Restricted Stock Units ("RSUs") received on June 29th, 2018. Each RSU represents a right to receive one share of Noodles & Company Class A common stock. The RSUs vest in four equal annual installments beginning on June 29th, 2019.

F2: Represents shares surrendered to the Issuer by the Reporting Person to pay required tax withholdings due upon vesting of Restricted Stock Units granted to the Reporting Person on January 16th, 2018. The shares surrendered were valued based on the most recent closing price of the common stock of the Issuer on the date of surrender.

F3: These options vest in four equal annual installments beginning on June 29th, 2019.