Ownership Submission
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

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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Moran Montgomery F
   2. Issuer Name and Ticker or Trading Symbol
CHIPOTLE MEXICAN GRILL INC [CMG] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Co-Chief Executive Officer
(Last)
(First)
(Middle)
1401 WYNKOOP STREET, SUITE 500		 3. Date of Earliest Transaction (Month/Day/Year)
05/19/2015
(Street)

DENVER, CO 80202		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 05/19/2015   M   70,000 A $ 103.79 224,755 D  
Common Stock 05/19/2015   F   6,611 D $ 628 218,144 D  
Common Stock 05/19/2015   F   4,982 D $ 625 213,162 D  
Common Stock 05/19/2015   S   16,140 D $ 631.9 (1) 197,022 D  
Common Stock 05/19/2015   S   2,863 D $ 632.63 (2) 194,159 D  
Common Stock 05/19/2015   S   6,511 D $ 634.07 (3) 187,648 D  
Common Stock 05/19/2015   S   6,154 D $ 635.24 (4) 181,494 D  
Common Stock 05/19/2015   S   5,018 D $ 636.33 (5) 176,476 D  
Common Stock 05/19/2015   S   19,820 D $ 637.4 (6) 156,656 D  
Common Stock 05/19/2015   S   1,100 D $ 638.41 (7) 155,556 D  
Common Stock 05/19/2015   S   801 D $ 639.12 (8) 154,755 D  
Common Stock 05/20/2015   M   75,000 A $ 268.73 229,755 D  
Common Stock 05/20/2015   M   75,000 A $ 268.73 304,755 D  
Common Stock 05/20/2015   F   55,278 D $ 632 249,477 D  
Common Stock 05/20/2015   F   8,504 D $ 632.03 240,973 D  
Common Stock 05/20/2015   S   24,386 D $ 628.49 (9) 216,587 D  
Common Stock 05/20/2015   S   22,719 D $ 629.45 (10) 193,868 D  
Common Stock 05/20/2015   S   7,414 D $ 630.64 (11) 186,454 D  
Common Stock 05/20/2015   S   24,342 D $ 631.82 (12) 162,112 D  
Common Stock 05/20/2015   S   7,357 D $ 632.37 (13) 154,755 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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. SEC 1474 (9-02)

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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)		 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
2010 Stock Appreciation Rights $ 103.79 05/19/2015   M/K     70,000 02/16/2013 02/16/2017 Common Stock 70,000 $ 0 0 D  
2011 Stock Appreciation Rights $ 268.73 05/20/2015   M/K     75,000 02/11/2013 02/11/2018 Common Stock 75,000 $ 0 0 D  
2011 Performance SOSARs $ 268.73 05/20/2015   M/K     75,000 02/11/2013 02/11/2018 Common Stock 75,000 $ 0 0 D  
2012 Stock Appreciation Rights $ 371.63             02/06/2014 02/06/2019 Common Stock 75,000   75,000 D  
2012 Performance SOSARs $ 371.63             02/06/2014(14) 02/06/2019 Common Stock 75,000   75,000 D  
2013 Stock Appreciation Rights $ 318.45             02/07/2015(15) 02/07/2020 Common Stock 75,000   75,000 D  
2013 Performance SOSARs $ 318.45             02/20/2015 02/07/2020 Common Stock 37,500   37,500 D  
2014 Stock Appreciation Rights $ 543.2             02/03/2016(16) 02/03/2021 Common Stock 87,500   87,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Moran Montgomery F
1401 WYNKOOP STREET, SUITE 500
DENVER, CO 80202		   X     Co-Chief Executive Officer  

Signatures

 Michael M. McGawn, as attorney-in-fact   05/21/2015
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Reflects a weighted-average price. Actual sale prices ranged from $631.50 to $632.47 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.
(2) Reflects a weighted-average price. Actual sale prices ranged from $632.50 to $633.15 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.
(3) Reflects a weighted-average price. Actual sale prices ranged from $633.68 to $634.65 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 sale prices ranged from $634.73 to $635.65 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) Reflects a weighted-average price. Actual sale prices ranged from $635.84 to $636.78 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.
(6) Reflects a weighted-average price. Actual sale prices ranged from $636.89 to $637.88 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.
(7) Reflects a weighted-average price. Actual sale prices ranged from $637.93 to $638.69 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.
(8) Reflects a weighted-average price. Actual sale prices ranged from $639.00 to $639.27 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.
(9) Reflects a weighted-average price. Actual sale prices ranged from $628.05 to $629.05 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.
(10) Reflects a weighted-average price. Actual sale prices ranged from $629.06 to $630.00 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.
(11) Reflects a weighted-average price. Actual sale prices ranged from $630.10 to $631.06 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.
(12) Reflects a weighted-average price. Actual sale prices ranged from $631.16 to $632.16 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.
(13) Reflects a weighted-average price. Actual sale prices ranged from $632.17 to $632.86 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.
(14) On February 6, 2012, Chipotle granted the reporting person performance-vesting stock-only stock appreciation rights, or Performance SOSARs, in respect of 75,000 shares of Chipotle common stock. Vesting of the Performance SOSARs was contingent on Chipotle's achievement of stated levels of cumulative cash flow from operations prior to the fourth and fifth fiscal year-ends following the award date, with vesting to occur no sooner than February 6, 2014 and 2015 (with half of each Performance SOSAR subject to each such time-based vesting date), subject to possible acceleration. The second cash flow from operations target was achieved in the 2014 fiscal year, resulting in the Performance SOSARs in respect of the second tranche of 37,500 shares vesting in full. The first tranche of 37,500 shares was exercisable as of February 6, 2014.
(15) One half of the 2013 Stock Appreciation Rights vested on February 7, 2015 and the remaining half are scheduled to vest on February 7, 2016, subject to possible acceleration of vesting.
(16) The 2014 Stock Appreciation Rights are scheduled to vest in equal installments on February 3, 2016 and February 3, 2017, subject to possible acceleration of vesting.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.