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: KUICK KENNETH J. (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-28	Class A Common Stock	A	12690	—	Acquired	32319	Direct
2019-06-28	Class A Common Stock	A	7757	—	Acquired	40076	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-06-28	Class A Common Stock	$7.88	A	23416	Acquired	2029-06-28	Class A Common Stock (23416.0)	Direct

Footnotes

F1: Award of Restricted Stock Units ("RSU's") received on June 28th, 2019. Each RSU represents a right to receive one share of Noodles & Company Class A common stock. The RSU's vest in four equal installments beginning on June 28th, 2020.

F2: Each RSU represents a right to receive one share of Noodles & Company's Class A common stock. These restricted stock units are subject to performance-based vesting conditions linked to Noodles & Company's Same Store Sales and Adjusted EBITDA targets through December 31, 2021 (the "Performance Period").

F3: These options vest in four equal installments beginning June 28th, 2020.