NOODLES & Co — Director's Dealing 2020

Mar 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NOODLES & Co (NDLS)
CIK: 0001275158
Period of Report: 2020-03-14

Reporting Person: Boennighausen David James (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-14	Class A Common Stock	A	106007	—	Acquired	226305	Direct
2020-03-14	Class A Common Stock	A	106007	—	Acquired	332312	Direct

Footnotes

F1: Award of Restricted Stock Units ("RSUs") received on March 14th, 2020. 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 March 14th, 2021.

F2: Award of Performance Restricted Stock Units ("RSUs") received on March 14th, 2020. 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 January 3, 2023 (the "Performance Period").