SEC Form 4 · accession 0001286581-17-000016
Ruths Hospitality Group, Inc. · RUTH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bannus Hudson
Director
Period of report
May 10, 2017
Accepted (ET)
May 11, 2017 · 1:31 pm EDT
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 Stock | May 10, 2017 | M | 3,000 | $17.17 | A | 80,970 | D | |
| Common StockF1,F2 | May 10, 2017 | F | 2,457 | $21.0506 | D | 78,513 | 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)F3 | $17.17 | May 10, 2017 | M | 3,000 | D | — | Aug 9, 2017 | Common Stock | 3,000 | 0 | D |
Explanation of responses
- F1The reported disposition represents the withholding of shares to cover exercise and tax obligations arising from the exercise of the stock option.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.075 to $21.05, 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.
- F3The option, representing a right to purchase a total of 3,000 shares, became exercisable in five equal annual installments beginning on August 9, 2008, which was the first anniversary of the date on which the option was granted.