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SYSCO CORP — Director's Dealing 2016
May 20, 2016
30076_dirs_2016-05-20_2307c294-9566-47fb-a44a-87eefa1d12fe.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SYSCO CORP (SYY)
CIK: 0000096021
Period of Report: 2016-05-18
Reporting Person: Day William B. (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-05-18 | Common Stock | S | 20500 | $48.87 | Disposed | 123231 | Direct |
| 2016-05-18 | Common Stock | M | 15400 | $27.44 | Acquired | 138631 | Direct |
| 2016-05-18 | Common Stock | S | 11756 | $48.93 | Disposed | 126875 | Direct |
| 2016-05-18 | Common Stock | M | 71400 | $28.87 | Acquired | 198275 | Direct |
| 2016-05-18 | Common Stock | S | 67937 | $48.87 | Disposed | 130338 | Direct |
| 2016-05-18 | Common Stock | F | 4055 | $49.30 | Disposed | 167838 | Direct |
| 2016-05-18 | Common Stock | M | 37500 | $27.65 | Acquired | 130338 | Direct |
| 2016-05-18 | Common Stock | S | 37500 | $48.85 | Disposed | 126283 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-05-18 | Stock Options (Right to buy) | $27.44 | M | 15400 | Disposed | 2016-11-09 | Common Stock (15400) | Direct |
| 2016-05-18 | Stock Options (Right to buy) | $28.87 | M | 71400 | Disposed | 2017-11-10 | Common Stock (71400) | Direct |
| 2016-05-18 | Stock Options (Right to buy) | $27.65 | M | 37500 | Disposed | 2018-11-14 | Common Stock (37500) | Direct |
Footnotes
F1: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 11, 2016.
F2: The price reported is a weighted average sale price of the 20,500 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $48.53 to $49.21. The Reporting Person undertakes to provide to Sysco Corporation, any security holder of Sysco Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4.
F3: The exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 2, 2016.
F4: The price reported is a weighted average sale price of the 11,756 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $48.53 to $49.22. The Reporting Person undertakes to provide to Sysco Corporation, any security holder of Sysco Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4.
F5: The price reported is a weighted average sale price of the 67,937 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $48.52 to $49.22. The Reporting Person undertakes to provide to Sysco Corporation, any security holder of Sysco Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4.
F6: Represents previously-owned shares having a fair market value of $49.30 per share that were delivered by the Reporting Person in payment of the option exercise price.
F7: The price reported is a weighted average sale price of the 37,500 shares sold on this date. These shares were sold in multiple transactions at prices ranging from $48.52 to $49.20. The Reporting Person undertakes to provide to Sysco Corporation, any security holder of Sysco Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4.
F8: Options are fully exercisable.
F9: Options granted by the Compensation Committee of the company's Board of Directors pursuant to the 2007 Stock Incentive Plan, as amended.