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UNFI United Natural Foods Inc

9.13
0.27 (3.05%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
United Natural Foods Inc NYSE:UNFI NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.27 3.05% 9.13 9.14 8.82 8.92 601,387 00:38:24

Statement of Changes in Beneficial Ownership (4)

29/09/2020 11:08pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Dorne Eric A.
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
(Last)          (First)          (Middle)

C/O UNITED NATURAL FOODS, INC., 313 IRON HORSE WAY
3. Date of Earliest Transaction (MM/DD/YYYY)

9/25/2020
(Street)

PROVIDENCE, RI 02908
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 9/25/2020  M(1)  2582 A(2)$0 (3)36436 D  
Common Stock 9/25/2020  F  1112 D$17.91 35324 D  
Common Stock 9/25/2020  M(4)  1059 A(2)$0 (3)36383 D  
Common Stock 9/25/2020  F  481 D$17.91 35902 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit  (5)9/25/2020  M     2582   (6) (6)Common Stock 2582.0 $0 5165 D  
Restricted Stock Unit  (5)9/25/2020  M     1059   (7) (7)Common Stock 1059.0 $0 2118 D  

Explanation of Responses:
(1) On September 25, 2020, 2,582 shares of United Natural Foods, Inc. (the "Company") restricted stock units ("RSUs") vested. The Company retained 1,112 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
(2) 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.
(3) RSUs convert into common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.
(4) On September 25, 2020, 1,059 RSUs vested. The Company retained 481 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
(5) 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.
(6) This RSU award was granted on September 25, 2018 and vests in four equal annual installments beginning on the first anniversary of the date of grant. This Form 4 reflects the vesting of this RSU on September 25, 2020 as to 50% of the original grant amount.
(7) 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, 2020 as to 50% of the original grant amount.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Dorne Eric A.
C/O UNITED NATURAL FOODS, INC.
313 IRON HORSE WAY
PROVIDENCE, RI 02908


COO

Signatures
/s/ Jill E. Sutton, Power-of-Attorney, in fact9/29/2020
**Signature of Reporting PersonDate

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