Filing Details
- Accession Number:
- 0000947871-16-001026
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-03-09 22:00:04
- Reporting Period:
- 2016-03-07
- Filing Date:
- 2016-03-09
- Accepted Time:
- 2016-03-09 22:00:04
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1517175 | Chefs' Warehouse Inc. | CHEF | Wholesale-Groceries, General Line (5141) | 203031526 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1525967 | Frank O'dowd | 100 East Ridge Road Ridgefield CT 06877 | Chief Information Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2016-03-07 | 140 | $20.23 | 134,683 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2016-03-07 | 329 | $20.23 | 134,354 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2016-03-07 | 18,205 | $0.00 | 116,149 | No | 4 | D | Direct | |
| Common Stock | Acquisiton | 2016-03-07 | 3,244 | $0.00 | 119,393 | No | 4 | A | Direct | |
| Common Stock | Acquisiton | 2016-03-07 | 4,866 | $0.00 | 124,259 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2016-03-07 | 2,500 | $19.00 | 121,759 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | F | Direct | |
| No | 4 | F | Direct | |
| No | 4 | D | Direct | |
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Price-Based Stock Options (Right to Buy) | Acquisiton | 2016-03-07 | 7,193 | $0.00 | 7,193 | $7.82 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 7,193 | 2026-03-07 | No | 4 | A | Direct |
Footnotes
- Performance Restricted Shares awarded in 2013 pursuant to The Chefs' Warehouse 2011 Omnibus Equity Incentive Plan (the "Plan") and cancelled upon failure to achieve performance targets.
- The reporting person received 3,244 shares of restricted common stock pursuant to the Plan. The forfeiture restrictions associated with this award will lapse in one-fourth increments as of the first through fourth anniversary dates of the grant date.
- The reporting person received 4,866 shares of performance-based restricted common stock pursuant to the Plan. The forfeiture restrictions associated with this award will lapse in one-fourth increments, provided that the Grantee provides continuous service to the Company through the applicable vesting date, and further provided that the additional conditions and performance criteria related to audited fully diluted earnings per share for the 2016 fiscal year are met, as set forth in the reporting person's performance-based vesting restricted share award agreement, with one-fourth of the forfeiture restrictions lapsing on the first through fourth anniversary dates of the grant date, 3/7/2016. The shares reported represent 150% of the reporting person's target award, which is the maximum number of shares that can be earned based on the Company's achievement of the performance targets.
- Price-based stock options are eligible for vesting only upon the issuer's achievement of a $30 stock price hurdle (based on 20-consecutive trading day average) on or before the fourth anniversary of the grant date; in addition, price-based stock options may not be exercised before the third anniversary of the grant date and are subject to the terms of the reporting person's non-qualified stock option agreement.
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