Sleep Number Corp — Director's Dealing 2020

Feb 26, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sleep Number Corp (SNBR)
CIK: 0000827187
Period of Report: 2020-02-25

Reporting Person: Krishna Suresh (SVP Chief Ops SC Lean Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-25	Common Stock	M	8800	$19.38	Acquired	61790	Direct
2020-02-25	Common Stock	M	3866	$23.61	Acquired	65656	Direct
2020-02-25	Common Stock	M	2555	$34.35	Acquired	68211	Direct
2020-02-25	Common Stock	S	15221	$53.0043	Disposed	52990	Direct
2020-02-25	Common Stock	S	13600	$53.3302	Disposed	39390	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-25	Employee Stock Option (Performance-based)	$19.38	M	8800	Disposed	2026-04-11	Common Stock (8800)	Direct
2020-02-25	Employee Stock Option (Right to Buy)	$23.61	M	3866	Disposed	2027-03-21	Common Stock (3866)	Direct
2020-02-25	Employee Stock Option (Right to Buy)	$34.35	M	2555	Disposed	2028-03-21	Common Stock (2555)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. The 15,221 shares were sold in multiple transactions at prices between $53.00 and $53.08, inclusive. The 13,600 shares were sold in multiple transactions at prices between $53.25 and $53.47, inclusive. The reporting person will provide the SEC Staff, Sleep Number or any security holder of Sleep Number, upon request, full information regarding the number of shares sold at each separate price.

F2: This performance-based option grant was earned only if the stock price of Sleep Number's common stock remained at or above a specified level for at least 20 consecutive trading days and was subject to continuous employment with the company for three years from the date of grant. The option grant fully vested and became exercisable on 4/11/19.

F3: This option becomes exercisable with respect to 1/3rd of the shares on each of 3/21/18, 3/21/19 and 3/21/20.

F4: This option becomes exercisable with respect to 1/3 of the shares on each of 3/21/19, 3/21/20 and 3/21/21.