Close

Form 4 UNITED NATURAL FOODS For: Sep 24 Filed by: Dorne Eric A.

September 28, 2021 5:47 PM EDT
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: December 31, 2014
Estimated average burden
hours per response: 0.5
  
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Dorne Eric A.
(Last) (First) (Middle)
C/O UNITED NATURAL FOODS, INC.
313 IRON HORSE WAY
(Street)
PROVIDENCE RI 02908
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
UNITED NATURAL FOODS INC [ UNFI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
COO
3. Date of Earliest Transaction (Month/Day/Year)
09/24/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/24/2021   S (1)   630 D $ 38 14,638 D  
Common Stock 09/25/2021   M (2)   2,583 A (3) $ 0 (4) 17,221 D  
Common Stock 09/25/2021   F   784 D $ 37.04 16,437 D  
Common Stock 09/25/2021   M (5)   1,059 A (3) $ 0 (4) 17,496 D  
Common Stock 09/25/2021   F   322 D $ 37.04 17,174 D  
Common Stock 09/27/2021   S (1)   1,269 D $ 38 15,905 D  
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (6) 09/25/2021   M     2,583   (7)   (7) Common Stock 2,583.00 $ 0 2,582 D  
Restricted Stock Unit (6) 09/25/2021   M     1,059   (8)   (8) Common Stock 1,059.00 $ 0 1,059 D  
Explanation of Responses:
1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 15, 2021.
2. On September 25, 2021, 2,583 shares of United Natural Foods, Inc. (the "Company") restricted stock units ("RSUs") vested. The Company retained 784 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
3. Pursuant to the Company's Equity Grant and Settlement Policy, vested shares will not be delivered to the reporting person until the Company's trading window opens.
4. RSUs convert into common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.
5. On September 25, 2021, 1,059 RSUs vested. The Company retained 322 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
6. Each RSU represents the right to receive one share of the Company's common stock upon vesting in accordance with the terms of the reporting person's restricted stock unit agreement.
7. This RSU award was granted on September 25, 2018 and vests in four equal annual installments beginning on the on the first anniversary of the date of grant. This Form 4 reflects the vesting of this RSU on September 25, 2021 as to 75% of the original grant amount.
8. This RSU award was granted on December 11, 2018 and vests in four equal annual installments beginning on September 25, 2019. This Form 4 reflects the vesting of this RSU on September 25, 2021 as to 75% of the original grant amount.
/s/ Jill E. Sutton, Power-of-Attorney, in fact 09/28/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 4/18/2024

1. JBHT
2. UAL
3. TSLA
4. SAGE
5. TRV
6. ASML
7. SLG
8. PLD
9. OMC
10. IBKR



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings