X0306 4 2017-07-18 1 0000724606 PANERA BREAD CO PNRA 0001280940 WHITE JAMES D 3630 SOUTH GEYER ROAD, SUITE 100 ST. LOUIS MO 63127 1 0 0 0 Class A Common Stock 2017-07-18 4 D 0 140 315.00 D 0 D Stock Option (right to buy) 208.06 2017-07-18 4 D 0 560 D 2022-12-28 Class A Common Stock 560 0 D Disposed of pursuant to the Agreement and Plan of Merger, dated as of April 4, 2017, by and among Panera Bread Company, Rye Parent Corp., Rye Merger Sub, Inc. and JAB Holdings B.V. (the "Merger Agreement") in exchange for $315 per share in cash, without interest, less any applicable withholding taxes (the "Merger Consideration"). Pursuant to the Merger Agreement, each outstanding stock option, whether vested or unvested, was cancelled in exchange for a cash payment equal to the product of (i) the excess, if any, of (x) the Merger Consideration over (y) the exercise price per share of such option, and (ii) the number of shares underlying such option. /s/ Louis DiPietro, Attorney in Fact for James D. White 2017-07-18