Chipotle 2013 Annual Report Download - page 76

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out-of-pocket and clerical expenses of transmitting copies of the Notice of Internet Availability of Proxy
Materials and the proxy materials themselves to beneficial owners of our shares. A few of our officers and
employees may participate in the solicitation of proxies, without additional compensation, by telephone, e-mail
or other electronic means or in person. We may also elect to engage the services of a proxy solicitation firm to
assist us in the solicitation of proxies, for which we would expect to pay fees in the range of approximately
$5,000 to $10,000, plus reimbursement of customary expenses.
BENEFICIAL OWNERSHIP OF OUR COMMON STOCK
The following tables set forth information as of March 17, 2014 as to the beneficial ownership of shares of
our common stock by:
• each person (or group of affiliated persons) known to us to beneficially own more than 5 percent of our
common stock;
• each of the executive officers listed in the Summary Compensation Table appearing later in this proxy
statement;
• each of our directors; and
• all of our current executive officers and directors as a group.
The number of shares beneficially owned by each shareholder is determined under SEC rules and generally
includes shares for which the holder has voting or investment power. The information does not necessarily
indicate beneficial ownership for any other purpose. The percentage of beneficial ownership shown in the
following tables is based on 31,089,185 outstanding shares of common stock as of March 17, 2014. For purposes
of calculating each person’s or group’s percentage ownership, shares of common stock issuable pursuant to the
terms of stock options, stock appreciation rights or restricted stock units exercisable or vesting within 60 days
after March 17, 2014 are included as outstanding and beneficially owned for that person or group, but are not
treated as outstanding for the purpose of computing the percentage ownership of any other person or group.
Name of Beneficial Owner
Total Shares
Beneficially
Owned
Percentage of Class
Beneficially Owned
Beneficial holders of 5% or more of outstanding common stock
FMRLLC(1) ........................................... 2,998,796 9.65%
Sands Capital Management, LLC (2) ......................... 2,314,724 7.45%
T. Rowe Price Associates, Inc. (3) ........................... 3,934,854 12.66%
The Vanguard Group, Inc. (4) ............................... 2,051,345 6.60%
Directors and named executive officers
Steve Ells (5)(6) ......................................... 339,474 1.09%
Montgomery Moran (5)(7) ................................. 449,755 1.43%
John Hartung (8) ......................................... 80,464 *
Bob Blessing (9) ......................................... 53,084 *
Mark Crumpacker (10) .................................... 20,428 *
Albert Baldocchi (5)(11)(12) ............................... 72,487 *
John Charlesworth (11) .................................... 8,032 *
Neil Flanzraich (11) ...................................... 3,200 *
Patrick Flynn (11) ........................................ 10,274 *
Darlene Friedman (5)(11)(13) ............................... 6,411 *
Jeff Kindler (14) ......................................... — —
Kimbal Musk (15) ........................................ — —
All directors and executive officers as a group (12 people) (16) .... 1,043,609 3.31%
* Less than one percent (1 percent).
4
Proxy Statement