SEC Form 4 · accession 0001209191-16-134169
KRISPY KREME DOUGHNUTS INC · KKD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl E Lee Jr.
Director
Period of report
Jul 27, 2016
Accepted (ET)
Jul 27, 2016 · 5:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001100270
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 27, 2016 | D | 5,000 | $21.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | Jul 27, 2016 | D | 13,680 | D | — | — | Common Stock | 13,680 | 0 | D |
Explanation of responses
- F15,000 shares disposed pursuant to the Agreement and Plan of Merger, dated as of May 8, 2016, by and among the Issuer, Cotton Parent, Inc., Cotton Merger Sub Inc. and JAB Holdings B.V. (the "Merger Agreement"), in exchange for $21.00 for each share of the Issuer's common stock held by the Reporting Person.
- F213,680 deferred restricted stock units disposed pursuant to the Merger Agreement, in which, at the effective time of the Merger (as defined in the Merger Agreement), each vested and unvested restricted stock unit was cancelled and converted into the right to receive a cash payment equal to the product of (x) the number of shares of the Issuer's common stock subject to each share unit and (y) $21.00.