SEC Form 4 · accession 0001415301-16-000034
Del Frisco's Restaurant Group, Inc. · DFRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Norman J Abdallah
Officer — President and CEO · Director
Period of report
Nov 21, 2016
Accepted (ET)
Nov 22, 2016 · 5:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001415301
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF2,F1 | — | Nov 21, 2016 | A | 200,000 | A | — | Dec 31, 2022 | Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1Each performance right represents a contingent right to receive one restricted stock unit, which represents a contingent right to receive one share of DFRG common stock. The performance rights vest as follows: (i) 100,000 performance rights vest upon DFRG?s common stock achieving a market price of equal to or greater than $28.00 per share for a minimum of five consecutive trading days; and (ii) 100,000 performance rights vest upon the earlier to occur of (a) a change of control or (b) DFRG?s common stock achieving a market price of equal to or greater than $28.00 per share for a minimum of five consecutive trading days.
- F2Granted pursuant to the Company's 2012 Long-Term Incentive Plan as compensation for services.