Filing Details

Accession Number:
0001020859-17-000119
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-09-27 18:44:52
Reporting Period:
2017-09-25
Accepted Time:
2017-09-27 18:44:52
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1020859 United Natural Foods Inc UNFI Wholesale-Groceries, General Line (5141) 050376157
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1479964 Sean Griffin C/O United Natural Foods, Inc.
313 Iron Horse Way
Providence RI 02908
Chief Operating 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 2017-09-25 6,521 $44.60 0 No 4 S Direct
Common Stock Acquisiton 2017-09-26 4,914 $0.00 4,914 No 4 A Direct
Common Stock Acquisiton 2017-09-26 18,811 $0.00 23,725 No 4 A Direct
Common Stock Disposition 2017-09-26 11,374 $44.39 12,351 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 A Direct
No 4 A Direct
No 4 F Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 1,632 Indirect See footnote
Footnotes
  1. The transaction price listed is a weighted average. Actual sale prices for these dispositions ranged from $44.50 to $44.78. The reporting person undertakes to provide United Natural Foods, Inc., any security holder of United Natural Foods, Inc., 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 this footnote.
  2. On September 21, 2016, the reporting person was granted 4,890 performance units eligible to vest at target levels of performance (with vesting of more or less shares possible based on actual performance) based on the extent to which certain EPS, Adjusted EBITDA, Adjusted ROIC and total shareholder return performance targets were met for fiscal 2017. Based upon the performance of United Natural Foods, Inc. (the "Company") against the applicable performance targets, 4,914 performance units subject to such criteria vested on September 26, 2017, resulting in the issuance of 4,914 shares of the Company's common stock to the reporting person.
  3. Performance stock units were settled in shares of common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.
  4. On October 27, 2016, the reporting person was granted 17,500 performance units eligible to vest at target level of performance (with vesting of more or less shares possible based on actual performance) based on the extent to which certain EPS, Net Sales and Adjusted EBITDA performance targets were met for fiscal 2017. Based upon the Company's performance against the applicable performance targets, 18,811 performance units subject to such criteria vested on September 26, 2017, resulting in the issuance of 18,811 shares of the Company's common stock to the reporting person.
  5. As described in footnotes 2 and 4, on September 26, 2017, the reporting person became entitled to received 23,725 shares of the Company's common stock. The Company retained 11,374 shares on that date to satisfy certain tax withholding obligations in connection with these vestings.
  6. Includes 1,632 shares of common stock allocated to the reporting person under the United Natural Foods, Inc. 401(k) Plan's UNFI Stock Fund as of September 27, 2017.