Sleep Number Corp — Director's Dealing 2020

Feb 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sleep Number Corp (SNBR)
CIK: 0000827187
Period of Report: 2020-02-05

Reporting Person: Callen David R (SVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-05	Common Stock	M	7395	$17.36	Acquired	43676	Direct
2020-02-05	Common Stock	M	11010	$18.81	Acquired	54686	Direct
2020-02-05	Common Stock	S	18405	$55.0063	Disposed	36281	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-05	Employee Stock Option (Right to Buy)	$17.36	M	7395	Disposed	2024-04-07	Common Stock (7395)	Direct
2020-02-05	Employee Stock Option (Right to Buy)	$18.81	M	11010	Disposed	2026-03-22	Common Stock (11010)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7500	Indirect

Footnotes

F1: These shares were sold pursuant to a plan of disposition adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices between $55.00 and $55.0300, inclusive. The reporting person will provide to 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.

F3: Includes 19,838 restricted stock units which the reporting person has deferred.

F4: This option became exercisable with respect to one-third of the shares on each of 4/7/15, 4/7/16 and 4/7/17.

F5: This option was fully vested and exercisable.