SEC Form 4 · accession 0001382963-17-000159
GNC HOLDINGS, INC. · GNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Martindale
Officer — Chief Executive Officer · Director
Period of report
Sep 14, 2017
Accepted (ET)
Sep 18, 2017 · 5:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001502034
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Sep 14, 2017 | S | 64,555 | $9.28 | D | 455,001 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were sold to satisfy the Section 83(b) Tax Liability, as defined in the underlying Inducement Award agreement, resulting from Section 83(b) elections, as described in the Form 4 filed by the Reporting Person on September 13, 2017.
- F2The price per share reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.93 to $9.56, inclusive. The reporting person undertakes to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the preceding sentence.