0001567619-20-017137.txt : 20200928
0001567619-20-017137.hdr.sgml : 20200928
20200928130209
ACCESSION NUMBER: 0001567619-20-017137
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200924
FILED AS OF DATE: 20200928
DATE AS OF CHANGE: 20200928
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FROOMAN THOMAS E
CENTRAL INDEX KEY: 0001188317
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-11399
FILM NUMBER: 201203116
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CINTAS CORP
CENTRAL INDEX KEY: 0000723254
STANDARD INDUSTRIAL CLASSIFICATION: MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320]
IRS NUMBER: 311188630
STATE OF INCORPORATION: WA
FISCAL YEAR END: 0531
BUSINESS ADDRESS:
STREET 1: 6800 CINTAS BLVD
STREET 2: P O BOX 625737
CITY: CINCINNATI
STATE: OH
ZIP: 45262
BUSINESS PHONE: 5134591200
MAIL ADDRESS:
STREET 1: 6800 CINTAS BOULEVARD
STREET 2: P O BOX 625737
CITY: CINCINNATI
STATE: OH
ZIP: 45262
4
1
doc1.xml
FORM 4
X0306
4
2020-09-24
0
0000723254
CINTAS CORP
CTAS
0001188317
FROOMAN THOMAS E
P.O. BOX 625737
CINCINNATI
OH
45262
0
1
0
0
Sr VP, Secretary & Gen Counsel
Common Stock
138575
D
Common Stock
169
I
By ESOP
Forward Sale Contract (Obligation to Sell)
2020-09-24
4
J
1
44000
A
2022-01-24
2022-01-24
Common Stock
44000
44000
D
On September 24, 2020, the reporting person entered into a variable prepaid forward sale agreement (the "Agreement") with an unaffiliated bank (the "Bank") relating to 44,000 shares of common stock of the Issuer and obligating the reporting person to deliver to the Bank up to 44,000 shares of common stock of the Issuer (or, at the reporting person's election, under certain circumstances, an equivalent amount of cash) to settle the Agreement on the maturity date of the contract. In exchange for entering into the Agreement and assuming the obligations thereunder, the reporting person received a cash payment of $11,471,861.
The number of shares of Issuer common stock to be delivered to the reporting person on the maturity date is to be determined as follows: (a) if the closing price of the Issuer's common stock on the maturity date (the "Settlement Price") is less than or equal to $262.00 (the "Floor Price"), the reporting person will deliver to the Bank 44,000 shares;
(continued from footnote 2) (b) if the Settlement Price is between the Floor Price and $343.00 (the "Cap Price"), the reporting person will deliver to the Bank a number of shares of the Issuer's common stock equal to 44,000 shares multiplied by a fraction, the numerator of which is the Floor Price and denominator of which is the Settlement Price; and (c) if the Settlement Price is greater than the Cap Price, the reporting person will deliver to the Bank a number of shares of the Issuer's common stock equal to the product of (i) 44,000 shares and (ii) a fraction (X) the numerator of which is the sum of the Floor Price plus the Settlement Price minus the Cap Price, and (Y) the denominator of which is the Settlement Price
/s/ F. Mark Reuter, as Attorney-in-Fact for Thomas E. Frooman
2020-09-28