Mike Metheny - Jun 3, 2021 Form 4 Insider Report for Burlington Stores, Inc. (BURL)

Signature
/s/ Christopher Schaub, as attorney-in-fact for Mike Metheny
Stock symbol
BURL
Transactions as of
Jun 3, 2021
Transactions value $
-$5,021,430
Form type
4
Date filed
6/7/2021, 04:16 PM
Previous filing
May 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BURL Common Stock Options Exercise $50.1K +11K +330.13% $4.55* 14.3K Jun 3, 2021 Direct
transaction BURL Common Stock Options Exercise $308K +3.12K +21.75% $98.92 17.4K Jun 3, 2021 Direct
transaction BURL Common Stock Options Exercise $374K +2.76K +15.83% $135.37 20.2K Jun 3, 2021 Direct
transaction BURL Common Stock Options Exercise $255K +1.5K +7.41% $170.08 21.7K Jun 3, 2021 Direct
transaction BURL Common Stock Options Exercise $139K +777 +3.58% $179.46 22.5K Jun 3, 2021 Direct
transaction BURL Common Stock Sale -$264K -878 -3.9% $301.11 21.6K Jun 3, 2021 Direct F1
transaction BURL Common Stock Sale -$587K -1.94K -8.99% $302.32 19.7K Jun 3, 2021 Direct F2
transaction BURL Common Stock Sale -$676K -2.23K -11.33% $303.50 17.4K Jun 3, 2021 Direct F3
transaction BURL Common Stock Sale -$1.1M -3.61K -20.72% $304.41 13.8K Jun 3, 2021 Direct F4
transaction BURL Common Stock Sale -$841K -2.75K -19.9% $305.57 11.1K Jun 3, 2021 Direct F5
transaction BURL Common Stock Sale -$874K -2.85K -25.74% $306.60 8.22K Jun 3, 2021 Direct F6
transaction BURL Common Stock Sale -$1.73M -5.62K -68.37% $307.36 2.6K Jun 3, 2021 Direct F7
transaction BURL Common Stock Sale -$77.7K -252 -9.69% $308.18 2.35K Jun 3, 2021 Direct F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BURL Employee Stock Option (right to buy) Options Exercise $0 -11K -50% $0.00 11K Jun 3, 2021 Common Stock 11K $4.55 Direct F9
transaction BURL Employee Stock Option (right to buy) Options Exercise $0 -3.12K -100% $0.00* 0 Jun 3, 2021 Common Stock 3.12K $98.92 Direct F10
transaction BURL Employee Stock Option (right to buy) Options Exercise $0 -2.76K -49.99% $0.00 2.76K Jun 3, 2021 Common Stock 2.76K $135.37 Direct F11
transaction BURL Employee Stock Option (right to buy) Options Exercise $0 -1.5K -49.98% $0.00 1.5K Jun 3, 2021 Common Stock 1.5K $170.08 Direct F12
transaction BURL Employee Stock Option (right to buy) Options Exercise $0 -777 -24.98% $0.00 2.33K Jun 3, 2021 Common Stock 777 $179.46 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.69 to $301.48, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $301.79 to $302.78, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $302.94 to $303.88, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $303.94 to $304.93, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $304.99 to $305.97, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $306.00 to $306.99, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $307.00 to $307.98, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $308.03 to $308.33, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F9 The options are currently exercisable as to 80% of the shares and become exercisable as to the remaining 20% of the shares on May 23, 2022.
F10 The options are currently exercisable as to 100% of the shares.
F11 The options are currently exercisable as to 75% of the shares and become exercisable as to the remaining 25% of the shares on May 1, 2022.
F12 The options are currently exercisable as to 50% of the shares and become exercisable as to an additional 25% of the shares on May 1 of each of 2022 and 2023.
F13 The options are currently exercisable as to 25% of the shares and become exercisable as to an additional 25% of the shares on May 1 of each of 2022 through 2024.