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 OF SECURITIES
                                                                                  
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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 *

Hartung Jack
2. Issuer Name and Ticker or Trading Symbol

CHIPOTLE MEXICAN GRILL INC [ CMG ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Financial Officer
(Last)          (First)          (Middle)

610 NEWPORT CENTER DRIVE, SUITE 1300
3. Date of Earliest Transaction (MM/DD/YYYY)

2/11/2020
(Street)

NEWPORT BEACH, CA 92660
(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 2/11/2020  M(1)  10000 A$543.20 45237 D  
common stock 2/11/2020  F(2)  6081 D$893.375 39156 D  
common stock 2/11/2020  S(1)  1932 D$893.48 (3)37224 D  
common stock 2/11/2020  S(1)  1987 D$894.13 (4)35237 D  
common stock 2/12/2020  M(1)  10000 A$543.20 45237 D  
common stock 2/12/2020  F(2)  6043 D$899.00 39156 D  
common stock 2/12/2020  S(1)  3957 D$899.00 35237 D  
common stock         35 I By children (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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
2014 Stock Appreciation Rights $543.20 2/11/2020  M (1)    10000  2/3/2016 2/3/2021 common stock 10000 $0.00 20000 D  
2014 Stock Appreciation Rights $543.20 2/12/2020  M (1)    10000  2/3/2016 2/3/2021 common stock 10000 $0.00 10000 D  

Explanation of Responses:
(1) These stock appreciation rights exercises and sales were executed under the terms of a Sales Plan intended to comply with Rule 10b5-1 under the Securities and Exchange Act of 1934, as amended.
(2) Consists of shares of common stock retained by Chipotle to satisfy the reporting person's payment obligation upon exercise of the stock appreciation right.
(3) Reflects a weighted-average price. Actual sales prices ranged from $893.00 to $894.00 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
(4) Reflects a weighted-average price. Actual sales prices ranged from $894.03 to $894.325 per share. The filing person undertakes to furnish to the issuer, any requesting shareholder of the issuer, or the staff of the Securities and Exchange Commission complete information regarding the number of shares sold at each separate price.
(5) The reporting person disclaims beneficial ownership of shares held by his children.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Hartung Jack
610 NEWPORT CENTER DRIVE, SUITE 1300
NEWPORT BEACH, CA 92660


Chief Financial Officer

Signatures
/s/ Helen Kaminski, pursuant to power of attorney previously filed2/13/2020
**Signature of Reporting PersonDate

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