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 |
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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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
PANERA BREAD CO [ PNRA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/23/2012 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | ||||||
Class B Common Stock | 1,080,717(1) | D | ||||||||
Class B Common Stock | 230,973(1) | I | By Trusts(2) | |||||||
Class A Common Stock | 01/23/2012 | M(3) | 3,333 | A | $43.31 | 80,845 | D | |||
Class A Common Stock | 01/23/2012 | M(3) | 3,333 | A | $50.85 | 84,178 | D | |||
Class A Common Stock | 01/23/2012 | M(3) | 3,334 | A | $47.95 | 87,512 | D | |||
Class A Common Stock | 01/23/2012 | S(4) | 6,133 | D | $149.59(5) | 81,179 | D | |||
Class A Common Stock | 01/23/2012 | S(4) | 3,867 | D | $150.13(6) | 77,512 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 | ||||||||
Employee Stock Option (Right to Buy) | $43.31 | 01/23/2012 | M | 3,333 | (7) | 08/10/2013 | Class A Common Stock | 3,333 | $0.00 | 24,222 | D | ||||
Employee Stock Option (Right to Buy) | $50.85 | 01/23/2012 | M | 3,333 | (8) | 08/05/2014 | Class A Common Stock | 3,333 | $0.00 | 19,939 | D | ||||
Employee Stock Option (Right to Buy) | $47.95 | 01/23/2012 | M | 3,334 | (9) | 08/11/2012 | Class A Common Stock | 3,334 | $0.00 | 12,776 | D |
Explanation of Responses: |
1. Reflects (i) the December 19, 2011 transfer of 36,789 shares from the Reporting Person to the Ronald M. Shaich 2011 Qualified Annuity Interest Trust, and (ii) the December 19, 2011 transfer of 47,090 shares from the Reporting Person to the SGC Trust LLC. These transfers are exempt pursuant to Rule 16a-13 under the Securities Exchange Act of 1934 and represent a change in the form of beneficiary ownership with no change in pecuniary interest. |
2. Consists of 147,094 shares held by Ronald M. Shaich Qualified Annuity Interest Trust of which the reporting person's spouse is a trustee; 36,789 shares held by the Ronald M. Shaich 2011 Qualified Annuity Interest Trust of which Mr. Shaich is the trustee; and 47,090 shares held by SGC Trust LLC of which Mr. Shaich is the investment trustee. |
3. The exercise reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 6, 2011. |
4. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 6, 2011. |
5. The price reported is the weighted average of the shares sold. The shares were sold at varying prices in the range of $149.08 to $150.08. The reporting person undertakes, upon request by the Staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price. |
6. The price reported is the weighted average of the shares sold. The shares were sold at varying prices in the range of $150.088 to $150.227. The reporting person undertakes, upon request by the Staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price. |
7. The option vests in four (4) equal annual installments beginning August 10, 2009. |
8. The option vests in four (4) equal annual installments beginning August 5, 2010. |
9. The option vests in four (4) equal annual installments beginning August 11, 2008. |
Remarks: |
/s/ Louis DiPietro, Attorney in Fact for Ronald M. Shaich | 01/25/2012 | |
** 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. |