Sec Form 4 Filing - Bloomquist Andrea Lee @ Sleep Number Corp - 2020-11-20

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
Bloomquist Andrea Lee
2. Issuer Name and Ticker or Trading Symbol
Sleep Number Corp [ SNBR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP, Chief Product Officer
(Last) (First) (Middle)
1001 THIRD AVENUE SOUTH
3. Date of Earliest Transaction (MM/DD/YY)
11/20/2020
(Street)
MINNEAPOLIS, MN55404
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 11/20/2020 M 3,867 A $ 23.61 67,970 D
Common Stock 11/20/2020 M 2,555 A $ 34.35 70,525 D
Common Stock 11/20/2020 M 2,174 A $ 47 72,699 D
Common Stock 11/20/2020 F 5,507 ( 1 ) D $ 68.75 67,192 ( 2 ) D
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
Employee Stock Option (Right to Buy) $ 23.61 11/20/2020 M 3,867 03/21/2018( 3 ) 03/21/2027 Common Stock 3,867 $ 0 0 D
Employee Stock Option (Right to Buy) $ 34.35 11/20/2020 M 2,555 03/21/2019( 4 ) 03/21/2028 Common Stock 2,555 $ 0 2,555 D
Employee Stock Option (Right to Buy) $ 47 11/20/2020 M 2,174 03/29/2020( 5 ) 03/29/2029 Common Stock 2,174 $ 0 4,346 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bloomquist Andrea Lee
1001 THIRD AVENUE SOUTH
MINNEAPOLIS, MN55404
SVP, Chief Product Officer
Signatures
/s/ Andrea L. Bloomquist, by Rebecca L. Long, attorney-in-fact 11/24/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares were withheld from the option exercises to cover the exercise price and estimated tax withholding obligation.
( 2 )Includes 345 shares pursuant to a restricted stock unit award.
( 3 )This option became exercisable with respect to 1/3rd of the shares on each of 3/21/18, 3/21/19 and 3/21/20.
( 4 )This option becomes exercisable with respect to 1/3rd of the shares on each of 3/21/19, 3/21/20 and 3/21/21.
( 5 )This option becomes exercisable with respect to 1/3rd of the shares on each of 3/29/20, 3/29/21 and 3/29/22.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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