SEC Form 4 · accession 0001192482-16-000694
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
Aug 8, 2016
Accepted (ET)
Aug 10, 2016 · 6:09 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 | Aug 8, 2016 | M | 19,125 | $2.03 | A | 19,125 | D | |
| Common Stock | Aug 8, 2016 | S | 19,125 | $18.20 | D | 0 | D | |
| Common Stock | Aug 8, 2016 | M | 10,000 | $2.03 | A | 10,000 | D | |
| Common Stock | Aug 8, 2016 | S | 10,000 | $18.40 | D | 0 | D | |
| Common StockF2 | holding | — | — | — | 11,818 | I | See footnote | |
| Restricted Stock UnitsF3 | holding | — | — | — | 7,500 | D |
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 | Aug 8, 2016 | M | 29,125 | D | — | Apr 17, 2022 | Common Stock | 29,125 | 101,419 | D |
| Stock Option (right to buy)F5 | $18.05 | holding | — | — | — | — | Jun 8, 2026 | Common Stock | 15,000 | 15,000 | 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 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.
- F3The 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, subject to continued employment on such vesting date.
- F4This time based option is fully vested.
- F5The time based stock options 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, subject to continued employment on such vesting date.