FORM 4
[ X ] 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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

TEMARES STEVEN H
2. Issuer Name and Ticker or Trading Symbol

BED BATH & BEYOND INC [ BBBY ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Executive Officer
(Last)          (First)          (Middle)

C/O BED BATH & BEYOND INC., 650 LIBERTY AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

5/11/2019
(Street)

UNION, NJ 07083
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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, par value $0.01 per share   5/11/2019     M (1)    36806   A   (2) 829804   D  
 
Common Stock, par value $0.01 per share   5/11/2019     F (3)    18127   D $15.6807   810957   D  
 
Common Stock, par value $0.01 per share   5/12/2019     M (1)    57365   A   (2) 868322   D  
 
Common Stock, par value $0.01 per share   5/12/2019     F (3)    19648   D $15.6807   848674   D  
 
Common Stock, par value $0.01 per share   5/12/2019     M (1)    130846   A   (2) 979520   D  
 
Common Stock, par value $0.01 per share   5/12/2019     F (3)    63481   D $15.6807   916039   D  
 
Common Stock, par value $0.01 per share                  99336   I   By Family Limited Partnership   (4)
Common Stock, par value $0.01 per share                  5000   I   By Family Limited Partnership   (5)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Performance Stock Units     (2) 5/11/2019     M   (1)       36806      (6)   (6) Common Stock   36806   $0   0   D  
 
Performance Stock Units     (2) 5/12/2019     A   (7)    114730         (8)   (8) Common Stock   114730   $0   114730   D  
 
Performance Stock Units     (2) 5/12/2019     M   (1)       57365      (9)   (9) Common Stock   57365   $0   57365   D  
 
Performance Stock Units     (2) 5/12/2019     A   (7)    130846         (9)   (9) Common Stock   130846   $0   130846   D  
 
Performance Stock Units     (2) 5/12/2019     M   (1)       130846      (9)   (9) Common Stock   130846   $0   0   D  
 

Explanation of Responses:
(1)  Represents the vesting of performance stock units ("PSUs") previously granted to Mr. Temares.
(2)  The PSUs convert on a one-for-one basis into common stock.
(3)  Represents the surrender of shares to the Company to satisfy Mr. Temares's tax withholding obligation upon the vesting of PSUs previously granted to Mr. Temares.
(4)  Represents shares held by a family limited partnership, of which Mr. Temares and his spouse are the sole general partners, and of which Mr. Temares and his spouse serve as limited partners together with trusts for the benefit of Mr. Temares, his spouse and his children. Mr. Temares disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
(5)  Represents shares held by a family limited partnership established by Mr. Temares's mother. Mr. Temares disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
(6)  The PSUs vested in full on May 11, 2019.
(7)  Represents PSUs earned based upon the achievement of a performance-based test for these PSUs previously granted.
(8)  With certain exceptions, the PSUs vest in full on May 10, 2020, subject to Mr. Temares's continued service to the Company on such date. Post certification of these awards, Mr. Temares has stepped down as CEO and resigned as a member of the Board.
(9)  The PSUs vested in full on May 12, 2019.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
TEMARES STEVEN H
C/O BED BATH & BEYOND INC.
650 LIBERTY AVENUE
UNION, NJ 07083
X
Chief Executive Officer

Signatures
/s/ Peter Samuels - Attorney-in-Fact 5/14/2019
** Signature of Reporting Person Date


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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Bed Bath and Beyond (NASDAQ:BBBY)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Bed Bath and Beyond Charts.
Bed Bath and Beyond (NASDAQ:BBBY)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Bed Bath and Beyond Charts.