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Filing Details

Accession Number:: 0001636222-19-000012
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-02-06 17:35:55
Reporting Period:: 2019-02-04

Accepted Time:: 2019-02-06 17:35:55
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1636222	Wingstop Inc.	WING	Retail-Eating Places (5812)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1644364	Lawrence Kruguer	C/O Wingstop Inc. 5501 Lbj Freeway, 5Th Floor Dallas TX 75240	See Remarks	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	Acquisiton	2019-02-04	2,663	$12.93	5,594	No	4	M	Direct
Common Stock, Par Value $0.01 Per Share	Disposition	2019-02-04	2,663	$65.06	2,931	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.01 Per Share	Employee Stock Option (right to buy)	Disposition	2019-02-04	2,663	$0.00	2,663	$12.93

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2025-06-11	No	4	M	Direct

Footnotes

This transaction was effected pursuant to a trading plan adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"). Accordingly, the reporting person had no discretion with regard to the timing of the transaction. The 10b5-1 Plan was adopted to facilitate diversification within the reporting person's overall portfolio.
This transaction represents approximately 6.5% of the reporting person's total holdings of common stock (including service-based options, vested performance-based options and service-based restricted stock units) on a pre-transaction basis, which represents 41,164 shares.
The exercise price of this stock option was originally $19.00 per share. In connection with special cash dividends paid by the Issuer and pursuant to the terms of the Issuer's 2015 Omnibus Incentive Compensation Plan (the "Plan"), the Compensation Committee of the Board of Directors of the Issuer reduced the exercise price of all eligible outstanding options under the Plan by the amounts of such special cash dividends. As a result, the option exercise price has been reduced to $12.93. The other terms of the options remained unchanged.
On June 11, 2015, the reporting person was granted an option to purchase 26,316 shares of common stock. The option vests in four installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years 2016, 2017, 2018, and 2019, with 40% vesting based on fiscal year 2016 performance and 20% vesting based on performance in each of the other fiscal years.