Cynthia Croatti - Jan 13, 2022 Form 4 Insider Report for UNIFIRST CORP (UNF)

Role
Executive Vice President, Director, 10%+ Owner
Signature
/s/ Steven S. Sintros, Attorney-in-Fact
Stock symbol
UNF
Transactions as of
Jan 13, 2022
Transactions value $
-$147,950
Form type
4
Date filed
1/14/2022, 01:57 PM
Previous filing
Dec 14, 2021
Next filing
Feb 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNF Common Stock Options Exercise $238K +2K +36.54% $119.00 7.47K Jan 13, 2022 Direct
transaction UNF Common Stock Disposed to Issuer -$289K -1.5K -20.02% $192.97 5.98K Jan 13, 2022 Direct
transaction UNF Common Stock Sale -$97.3K -504 -8.43% $192.99 5.47K Jan 13, 2022 Direct F1, F2
holding UNF Common Stock 68.5K Jan 13, 2022 By LLC F3

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 Stock Appreciation Right Options Exercise $0 -2K -50% $0.00 2K Jan 13, 2022 Common Stock ($0.10 par value) 2K $119.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold pursuant to a Rule 10b5-1 sales plan.
F2 Consists of 1,332 restricted stock units that vest 100% on December 20, 2022, 1,551 restricted stock units that vest 100% on October 22, 2023, 1,174 restricted stock units that vest 60% on October 29, 2022, an additional 20% on October 29, 2023 and the remaining 20% on October 29, 2024 and 1,416 restricted stock units that vest 60% on October 26, 2023, an additional 20% on October 26, 2024 and the remaining 20% on October 26, 2025.
F3 Cynthia Croatti is the manager of Trilogy Investment Partners LLC, which as of the date of filing this report, directly owns the reported securities. Cynthia Croatti disclaims beneficial ownership of these reported securities, except to the extent of her pecuniary interest therein, if any, and this report shall not be deemed an admission that she is the beneficial owner of the securities for purposes of Section 16 or any other purpose.