SEC Form 4 · accession 0001474903-18-000037
BGSF, INC. · BGSF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
L. Allen Baker Jr.
Officer — President and CEO · Director
Period of report
May 31, 2018
Accepted (ET)
Jun 4, 2018 · 6:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001474903
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1,F2 | $6.25 | May 31, 2018 | D | 184,271 | D | Feb 6, 2014 | Feb 6, 2024 | Common Stock, $0.01 per share par value | 184,271 | 88,000 | D |
| Stock OptionsF1,F2 | $6.25 | May 31, 2018 | D | 14,000 | D | Feb 6, 2015 | Feb 6, 2024 | Common Stock, $0.01 per share par value | 14,000 | 74,000 | D |
| Stock OptionsF1,F2 | $6.25 | May 31, 2018 | D | 14,000 | D | Feb 6, 2016 | Feb 6, 2024 | Common Stock, $0.01 per share par value | 14,000 | 60,000 | D |
| Stock OptionsF1,F2 | $6.25 | May 31, 2018 | D | 30,000 | D | Feb 6, 2017 | Feb 6, 2024 | Common Stock, $0.01 per share par value | 30,000 | 30,000 | D |
| Stock OptionsF1,F2 | $6.25 | May 31, 2018 | D | 30,000 | D | Feb 6, 2018 | Feb 6, 2024 | Common Stock, $0.01 per share par value | 30,000 | 0 | D |
| Stock OptionsF1,F2 | $11.00 | May 31, 2018 | D | 6,000 | D | Jun 9, 2015 | Jun 9, 2025 | Common Stock, $0.01 per share par value | 6,000 | 24,000 | D |
| Stock OptionsF1,F2 | $11.00 | May 31, 2018 | D | 6,000 | D | Jun 9, 2016 | Jun 9, 2025 | Common Stock, $0.01 per share par value | 6,000 | 18,000 | D |
| Stock OptionsF1,F2 | $11.00 | May 31, 2018 | D | 617 | D | Jun 9, 2017 | Jun 9, 2025 | Common Stock, $0.01 per share par value | 617 | 17,383 | D |
Explanation of responses
- F1Stock options to purchase shares pursuant to the BG Staffing, Inc. 2013 Long-Term Incentive Plan.
- F2The options were cancelled by mutual agreement of the reporting person and the issuer. The reporting person received $3,287,500 as aggregate consideration for such cancellation.