SEC Form 4 · accession 0001192482-16-000620
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
Jun 8, 2016
Accepted (ET)
Jun 10, 2016 · 7:06 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 |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F1 | Jun 8, 2016 | A | 7,500 | — | A | 7,500 | 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 | $18.05 | Jun 8, 2016 | A | 15,000 | A | — | Jun 8, 2026 | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock.
- F2The restricted units will vest as follows: 25% on the one year anniversary of 6/8/16 (6/8/17) and 25% each year thereafter with 6/8/20 as the final vesting date.
- F3The securities of record are held 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 shares held directly by Silver Sun Properties, LLC.
- F4The time based stock units will vest as follows: 25% on the one year anniversary of 6/8/16 (6/8/17) and 25% each year thereafter with 6/8/20 as the final vesting date.