SEC Form 4 · accession 0000899243-16-014334
Ruths Hospitality Group, Inc. · RUTH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin W Toomy
Officer — P&COO- Ruth's Chris Steak Hse
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 4:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001324272
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 23, 2016 | S | 21,249 | $16.71 | D | 181,246 | D | |
| Common Stock | Feb 24, 2016 | M | 20,000 | $2.32 | A | 201,246 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock option (right to buy)F2 | $2.32 | Feb 24, 2016 | M | 20,000 | D | — | Oct 30, 2018 | Common Stock | 20,000 | 15,000 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.64 to $16.79, inclusive. The reporting person further undertakes to provide upon request by the Commission staff, Ruth's Hospitality Group, Inc., or a security holder of Ruth's Hospitality Group, Inc., full information regarding the number of shares sold at each separate price.
- F2The option, representing a right to purchase a total of 100,000 shares, became exercisable in five equal annual installments beginning on October 30, 2009, which was the first anniversary of the date on which the option was granted.