Matthew Croatti - Aug 28, 2021 Form 5 Insider Report for UNIFIRST CORP (UNF)

Role
10%+ Owner
Signature
/s/ Steven S. Sintros, Attorney-in-Fact
Stock symbol
UNF
Transactions as of
Aug 28, 2021
Transactions value $
$0
Form type
5
Date filed
10/12/2021, 05:06 PM
Next filing
Nov 19, 2021

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 UNF Class B Common Stock Gift $0 +7K $0.00 7K Nov 6, 2020 Common Stock ($0.10 par value) 7K By Trust F1, F2, F3
transaction UNF Class B Common Stock Gift $0 +7K $0.00 7K Nov 6, 2020 Common Stock ($0.10 par value) 7K By Trust F1, F2, F3
holding UNF Class B Common Stock 70K Aug 28, 2021 Common Stock ($0.10 par value) 70K Direct F1
holding UNF Class B Common Stock 1.69M Aug 28, 2021 Common Stock ($0.10 par value) 1.69M By Partnership F1, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible at any time by the holder into one share of Common Stock. Each share of Class B Common Stock automatically converts into one share of Common Stock upon transfer to a recipient that is not a permitted transferee or upon termination of the Class B Common Stock, in each case in accordance with the terms of the charter of UniFirst Corporation.
F2 Represents shares owned directly by a trust of which Matthew Croatti is the trustee and his child is the beneficiary.
F3 Each of the aforementioned reporting persons disclaims beneficial ownership of these reported securities, except to the extent of his, her or its pecuniary interest therein, if any, and this report shall not be deemed an admission that such persons are the beneficial owners of these securities for purposes of Section 16 or any other purpose.
F4 Includes 672,775 shares owned directly by The Queue Limited Partnership and 199 shares owned directly by Queue Management Associates, Inc. Queue Management Associates, Inc. is the general partner of The Queue Limited Partnership. The Ronald D. Croatti Trust 1993 (of which Carol Croatti and Matthew Croatti are the trustees and Carol Croatti is the beneficiary), Cynthia Croatti and Cecilia Levenstein are the sole shareholders of Queue Management Associates, Inc., and Carol Croatti, Cynthia Croatti and Cecelia Levenstein are the directors of Queue Management Associates, Inc.
F5 Includes 1,015,717 shares owned directly by The Red Cat Limited Partnership and 3 shares owned directly by Red Cat Management Associates, Inc. Red Cat Management Associates, Inc. is the general partner of The Red Cat Limited Partnership. The Ronald D. Croatti Trust - 1993 and Cynthia Croatti are the sole shareholders of Red Cat Management Associates, Inc. and Carol Croatti and Cynthia Croatti are the directors of Red Cat Management Associates, Inc.