SEC Form 4 · accession 0001686696-17-000004
Hostess Brands, Inc. · TWNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Douglas Toler
Officer — Chief Executive Officer · Director
Period of report
Oct 12, 2017
Accepted (ET)
Oct 16, 2017 · 5:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001644406
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, par value $0.0001 per shareF1 | Oct 12, 2017 | D | 360,000 | $0.00 | D | 200,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1(1)On October 12, 2017, in connection with his announced retirement, the reporting person and Hostess Brands, Inc. agreed that the reporting person shall be entitled to 75,000 of his previously awarded restricted shares that are scheduled to vest on January 1, 2018 if the Company has positive earnings per share for fiscal 2017 and the reporting person remains employed through the earlier of (i) the date of his retirement and (ii) January 1, 2018. The reporting person waived his rights with respect to the vesting of the remaining 360,000 restricted shares.