Filing Details

Accession Number:
0001209191-15-045328
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-05-21 16:05:56
Reporting Period:
2015-05-19
Filing Date:
2015-05-21
Accepted Time:
2015-05-21 16:05:56
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1058090 Chipotle Mexican Grill Inc CMG Retail-Eating Places (5812) 841219301
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1351043 F Montgomery Moran 1401 Wynkoop Street, Suite 500
Denver CO 80202
Co-Chief Executive Officer Yes 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 Acquisiton 2015-05-19 70,000 $103.79 224,755 No 4 M Direct
Common Stock Disposition 2015-05-19 6,611 $628.00 218,144 No 4 F Direct
Common Stock Disposition 2015-05-19 4,982 $625.00 213,162 No 4 F Direct
Common Stock Disposition 2015-05-19 16,140 $631.90 197,022 No 4 S Direct
Common Stock Disposition 2015-05-19 2,863 $632.63 194,159 No 4 S Direct
Common Stock Disposition 2015-05-19 6,511 $634.07 187,648 No 4 S Direct
Common Stock Disposition 2015-05-19 6,154 $635.24 181,494 No 4 S Direct
Common Stock Disposition 2015-05-19 5,018 $636.33 176,476 No 4 S Direct
Common Stock Disposition 2015-05-19 19,820 $637.40 156,656 No 4 S Direct
Common Stock Disposition 2015-05-19 1,100 $638.41 155,556 No 4 S Direct
Common Stock Disposition 2015-05-19 801 $639.12 154,755 No 4 S Direct
Common Stock Acquisiton 2015-05-20 75,000 $268.73 229,755 No 4 M Direct
Common Stock Acquisiton 2015-05-20 75,000 $268.73 304,755 No 4 M Direct
Common Stock Disposition 2015-05-20 55,278 $632.00 249,477 No 4 F Direct
Common Stock Disposition 2015-05-20 8,504 $632.03 240,973 No 4 F Direct
Common Stock Disposition 2015-05-20 24,386 $628.49 216,587 No 4 S Direct
Common Stock Disposition 2015-05-20 22,719 $629.45 193,868 No 4 S Direct
Common Stock Disposition 2015-05-20 7,414 $630.64 186,454 No 4 S Direct
Common Stock Disposition 2015-05-20 24,342 $631.82 162,112 No 4 S Direct
Common Stock Disposition 2015-05-20 7,357 $632.37 154,755 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 F Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 M Direct
No 4 M Direct
No 4 F Direct
No 4 F Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock 2010 Stock Appreciation Rights Disposition 2015-05-19 70,000 $0.00 70,000 $103.79
Common Stock 2011 Stock Appreciation Rights Disposition 2015-05-20 75,000 $0.00 75,000 $268.73
Common Stock 2011 Performance SOSARs Disposition 2015-05-20 75,000 $0.00 75,000 $268.73
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2013-02-16 2017-02-16 Yes 4 M Direct
0 2013-02-11 2018-02-11 Yes 4 M Direct
0 2013-02-11 2018-02-11 Yes 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock 2012 Stock Appreciation Rights $371.63 2014-02-06 2019-02-06 75,000 75,000 Direct
Common Stock 2012 Performance SOSARs $371.63 2014-02-06 2019-02-06 75,000 75,000 Direct
Common Stock 2013 Stock Appreciation Rights $318.45 2015-02-07 2020-02-07 75,000 75,000 Direct
Common Stock 2013 Performance SOSARs $318.45 2015-02-20 2020-02-07 37,500 37,500 Direct
Common Stock 2014 Stock Appreciation Rights $543.20 2016-02-03 2021-02-03 87,500 87,500 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2019-02-06 75,000 75,000 Direct
2019-02-06 75,000 75,000 Direct
2020-02-07 75,000 75,000 Direct
2020-02-07 37,500 37,500 Direct
2021-02-03 87,500 87,500 Direct
Footnotes
  1. Reflects a weighted-average price. Actual sale prices ranged from $631.50 to $632.47 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
  2. Reflects a weighted-average price. Actual sale prices ranged from $632.50 to $633.15 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
  3. Reflects a weighted-average price. Actual sale prices ranged from $633.68 to $634.65 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
  4. Reflects a weighted-average price. Actual sale prices ranged from $634.73 to $635.65 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
  5. Reflects a weighted-average price. Actual sale prices ranged from $635.84 to $636.78 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
  6. Reflects a weighted-average price. Actual sale prices ranged from $636.89 to $637.88 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
  7. Reflects a weighted-average price. Actual sale prices ranged from $637.93 to $638.69 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
  8. Reflects a weighted-average price. Actual sale prices ranged from $639.00 to $639.27 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
  9. Reflects a weighted-average price. Actual sale prices ranged from $628.05 to $629.05 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
  10. Reflects a weighted-average price. Actual sale prices ranged from $629.06 to $630.00 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
  11. Reflects a weighted-average price. Actual sale prices ranged from $630.10 to $631.06 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
  12. Reflects a weighted-average price. Actual sale prices ranged from $631.16 to $632.16 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
  13. Reflects a weighted-average price. Actual sale prices ranged from $632.17 to $632.86 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
  14. On February 6, 2012, Chipotle granted the reporting person performance-vesting stock-only stock appreciation rights, or Performance SOSARs, in respect of 75,000 shares of Chipotle common stock. Vesting of the Performance SOSARs was contingent on Chipotle's achievement of stated levels of cumulative cash flow from operations prior to the fourth and fifth fiscal year-ends following the award date, with vesting to occur no sooner than February 6, 2014 and 2015 (with half of each Performance SOSAR subject to each such time-based vesting date), subject to possible acceleration. The second cash flow from operations target was achieved in the 2014 fiscal year, resulting in the Performance SOSARs in respect of the second tranche of 37,500 shares vesting in full. The first tranche of 37,500 shares was exercisable as of February 6, 2014.
  15. One half of the 2013 Stock Appreciation Rights vested on February 7, 2015 and the remaining half are scheduled to vest on February 7, 2016, subject to possible acceleration of vesting.
  16. The 2014 Stock Appreciation Rights are scheduled to vest in equal installments on February 3, 2016 and February 3, 2017, subject to possible acceleration of vesting.