Sec Form 4 Filing - SIMONE THOMAS B @ UNITED NATURAL FOODS INC - 2010-12-16

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
SIMONE THOMAS B
2. Issuer Name and Ticker or Trading Symbol
UNITED NATURAL FOODS INC [ UNFI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
313 IRON HORSE WAY
3. Date of Earliest Transaction (MM/DD/YY)
12/16/2010
(Street)
PROVIDENCE, RI02908
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/17/2010 M 26,600 A $ 28.14 26,600 D
Common Stock 12/17/2010 M 9,000 A $ 24.54 35,600 D
Common Stock 12/17/2010 M 3,080 A $ 24.3 38,680 D
Common Stock 12/17/2010 S 38,680 D $ 37.3169 ( 6 ) 0 D
Common Stock 11,000 I See footnote ( 7 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit ( 1 ) 12/16/2010 D( 4 ) 1,599 ( 2 ) ( 2 ) Common Stock 1,599 $ 0 0 D
Phantom Stock ( 3 ) 12/16/2010 A 1,599 ( 3 ) ( 3 ) Common Stock 1,599 $ 0 33,596 D
Stock option (right to buy) $ 28.14 12/17/2010 M 26,600 ( 8 ) 12/01/2014( 8 ) Common Stock 26,600 $ 0 0 D
Stock option (right to buy) $ 24.54 12/17/2010 M 9,000 ( 8 ) 09/16/2018( 8 ) Common Stock 9,000 $ 0 0 D
Stock option (right to buy) $ 24.3 12/17/2010 M 3,080 ( 5 ) 09/11/2019( 5 ) Common Stock 3,080 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SIMONE THOMAS B
313 IRON HORSE WAY
PROVIDENCE, RI02908
X
Signatures
Lisa N'Chonon, Power-of-Attorney, in fact 12/21/2010
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each restricted stock unit represents the right to receive one share of United Natural Foods, Inc. common stock upon vesting in accordance with the terms of the reporting person's restricted stock unit agreement.
( 2 )The vesting of the last traunch of Mr. Simone's restricted stock units granted on September 11, 2009 were accelerated upon his retirement from our Board of Directors on December 16, 2010.
( 3 )The security converts to common stock on a one-for-one basis subject to the terms of the United Natural Foods, Inc. Deferred Compensation Plan and United Natural Foods, Inc. Deferred Stock Plan.
( 4 )Mr. Simone had previously elected to defer 100% of any restricted stock units granted during 2009 to the Company's Deferred Compensation Plan upon vesting.
( 5 )The stock options normally vest and become exercisable in three equal annual installments beginning on the date of grant, and expire on the tenth anniversary of the date of grant. The vesting of the last traunch of Mr. Simone's stock options granted on September 11, 2009 were accelerated upon his retirement from our Board of Directors on December 16, 2010.
( 6 )The transaction price listed is a weighted average. Actual sale prices for these dispositions ranged from $37.230 to $37.430.
( 7 )Shares held by the Thomas B. Simone and Shirley A. Simone 1990 Family Trust Agreement.
( 8 )The stock options vest and become exercisable in three equal annual installments beginning on the date of grant, and expire on the tenth anniversary of the date of grant.

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