SEC Form 4 · accession 0001540277-18-000041
JAMBA, INC. · JMBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joe Thornton
Officer — SVP, Chief Marketing Officer
Period of report
Sep 13, 2018
Accepted (ET)
Sep 13, 2018 · 5:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001316898
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 13, 2018 | D | 5,000 | $13.00 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $9.25 | Sep 13, 2018 | D | 15,000 | D | — | Mar 23, 2027 | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1The option, providing for vesting of one-third of the shares subject to the option on each of March 23, 2018, March 23, 2019 and March 23, 2020, in each case subject to the Reporting Person's continued employment with Issuer and/or its affiliates, became vested in full at the effective time of the merger between Jay Merger Sub, Inc. and the Issuer, and was cancelled at the effective time in exchange for a cash payment per share subject to the option determined by the difference between the $13 merger consideration per share and the exercise price of the option.