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SpartanNash Co — Director's Dealing 2020
Mar 3, 2020
35597_dirs_2020-03-03_b1d8a0d1-f595-4d55-9cd8-8390f4cfda7a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SpartanNash Co (SPTN)
CIK: 0000877422
Period of Report: 2020-03-01
Reporting Person: Hurley Tammy R. (VP Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-03-01 | Common Stock | F | 820 | $12.43 | Disposed | 17943 | Direct |
| 2020-03-01 | Common Stock | A | 5632 | — | Acquired | 23575 | Direct |
| 2020-03-01 | Common Stock | A | 848 | $12.75 | Acquired | 24423 | Direct |
| 2020-03-01 | Common Stock | A | 170 | — | Acquired | 24593 | Direct |
Footnotes
F1: These shares were withheld by SpartanNash Company to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock, the grant of which was previously reported.
F2: Reports the grant of shares of restricted stock under the SpartanNash Company Stock Incentive Plan of 2015 ("Plan"). These shares will vest at the rate of 25% each year beginning on March 1, 2021, and will be fully vested on March 1, 2024. Prior to vesting, these shares will remain subject to restrictions in accordance with the Plan and the terms of the grant.
F3: Reflects receipt of shares received in lieu of cash incentive compensation under the Stock Bonus Program ("Program") established under the Stock Incentive Plan of 2015. Under the Program, the reporting person elected to receive a portion of her annual cash incentive award in the form of SpartanNash Common Stock. The effective purchase price for shares is the closing price on the date the participant's election was due to the Company. Pursuant to the Plan, she received an additional grant of shares equal to 20% of the amount of the bonus that she elected to receive in the form of stock. As a condition to the receipt of these shares, the reporting person has agreed to hold them for at least one year, and will forfeit them if she enters into competition with the Company during the holding period.