SEC Form 4 · accession 0001192482-16-000571
Bojangles', Inc. · BOJA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric McGrew Newman
Officer — Exec. VP, Secy & Gnl Csl.
Period of report
May 11, 2016
Accepted (ET)
May 13, 2016 · 3:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001630132
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 11, 2016 | M | 10,300 | $2.03 | A | 10,300 | D | |
| Common StockF2 | May 11, 2016 | S | 10,300 | $17.581 | D | 0 | D | |
| Common StockF3 | holding | — | — | — | 11,818 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4 | $2.03 | May 11, 2016 | M | 10,300 | D | — | Apr 17, 2022 | Common Stock | 10,300 | 165,506 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $17.35 to $17.70, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3The securities are held of record by Silver Sun Properties, LLC. Eric M. Newman is the manager and majority equity-holder of Silver Sun Properties, LLC and accordingly has beneficial ownership of the shares held directly by Silver Sun Properties, LLC.
- F4The time based stock options vested as follows: 25% on the one year anniversary of 8/18/2011 (8/18/12) and 6.25% each quarter thereafter with 8/18/15 as the final vesting date.