Filing Details

Accession Number:
0001209191-20-030700
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-05-19 19:03:39
Reporting Period:
2020-05-15
Accepted Time:
2020-05-19 19:03:39
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
96021 Sysco Corp SYY Wholesale-Groceries & Related Products (5140) 741648137
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
928265 Nelson Peltz 280 Park Avenue
41St Floor
New York NY 10017
Yes No No No
1345471 Trian Fund Management, L.p. 280 Park Avenue
41St Floor
New York NY 10017
Yes No 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 2020-05-15 551,222 $47.40 24,222,825 No 4 P Indirect Please see explanation below
Common Stock Acquisiton 2020-05-15 48,778 $47.64 24,271,603 No 4 P Indirect Please see explanation below
Common Stock Acquisiton 2020-05-18 8,609 $50.64 24,280,212 No 4 P Indirect Please see explanation below
Common Stock Acquisiton 2020-05-18 95,091 $51.90 24,375,303 No 4 P Indirect Please see explanation below
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect Please see explanation below
No 4 P Indirect Please see explanation below
No 4 P Indirect Please see explanation below
No 4 P Indirect Please see explanation below
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 2,270 Direct
Footnotes
  1. The price shown in Column 4 is a weighted average purchase price. The price range for the purchases is $46.6350 to $47.6250. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
  2. In connection with their service on the Issuer's Board of Directors, Mr. Peltz and Joshua Frank each receive shares of common stock from the Issuer. Each of Messrs. Peltz and Frank transferred 3,174 of those shares to Trian Fund Management, L.P. ("Trian Management"), for no consideration, pursuant to agreements entered into on August 21, 2015 with Trian Management relating to compensation received in connection with their service as directors of the Issuer.
  3. Trian Management serves as the management company for Trian Partners, L.P., Trian Partners Master Fund, L.P., Trian Partners Parallel Fund I, L.P., Trian Partners Strategic Investment Fund II, L.P., Trian Partners Strategic Investment Fund-A, L.P., Trian Partners Co-Investment Fund-A, L.P., Trian Partners Strategic Investment Fund-N, L.P., Trian Partners Strategic Investment Fund-D, L.P., Trian Partners Fund (Sub)-G, L.P., Trian Partners Strategic Fund-G II, L.P., Trian Partners Strategic Fund G-III, L.P., Trian Partners Co-Investment Opportunities Fund, Ltd., Trian Partners Strategic Fund-K, L.P. and Trian Partners Strategic Fund-C, Ltd. (collectively, the "Trian Entities") and as such determines the investment and voting decisions of the Trian Entities with respect to the shares of the Issuer held by them. Mr. Peltz is a member of Trian Fund Management GP, LLC, which is the general partner of Trian Management, and therefore is in a position to
  4. (FN 3, contd.) determine the investment and voting decisions made by Trian Management on behalf of the Trian Entities. Mr. Peltz is also a member of the general partner of Trian Partners SPV XI GP, L.P. ("SPV XI GP"), and is therefore in a position to determine its investment and voting decisions. Accordingly, Mr. Peltz may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the shares beneficially owned by Trian Management and the Trian Entities, as well as the shares beneficially owned by SPV XI GP. The Reporting Persons disclaim beneficial ownership of such shares except to the extent of their respective pecuniary interests therein and this report shall not be deemed an admission that the Reporting Persons are the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Mr. Peltz is a director of the Issuer.
  5. The price shown in Column 4 is a weighted average purchase price. The price range for the purchases is $47.63 to $47.69. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
  6. The price shown in Column 4 is a weighted average purchase price. The price range for the purchases is $50.29 to $51.28. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
  7. The price shown in Column 4 is a weighted average purchase price. The price range for the purchases is $51.30 to $52.27. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.