SEC Form 4 · accession 0001179110-15-012544
G&K SERVICES INC · GK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Louis Cotter
Officer — VP, General Counsel, Secretary
Period of report
Aug 20, 2015
Accepted (ET)
Aug 24, 2015 · 5:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000039648
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Aug 20, 2015 | A | 2,184 | — | A | 25,660 | D | |
| Class A Common StockF3 | Aug 21, 2015 | F | 185 | $70.30 | D | 25,475 | D | |
| Class A Common StockF4 | Aug 22, 2015 | F | 189 | $70.30 | D | 25,286 | D | |
| Class A Common StockF5 | Aug 23, 2015 | F | 354 | $70.30 | D | 24,932 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF6 | $71.15 | Aug 20, 2015 | A | 7,227 | A | — | Aug 20, 2025 | Class A Common Stock | 7,227 | 7,227 | D |
Explanation of responses
- F1Awards are subject to vesting in accordance with the terms of the company's plan.
- F2Grant of restricted stock pursuant to Section 16b-3.
- F3On August 21, 2015, an aggregate of 550 restricted shares previously issued to Mr. Cotter vested in accordance with their terms and the terms of the plan under which such shares were issued. Mr. Cotter elected to withhold an aggregate of 185 shares to pay the related taxes. As such, the number of shares actually issued was 365.
- F4On August 22, 2015, an aggregate of 561 restricted shares previously issued to Mr. Cotter vested in accordance with their terms and the terms of the plan under which such shares were issued. Mr. Cotter elected to withhold an aggregate of 189 shares to pay the related taxes. As such, the number of shares actually issued was 372.
- F5On August 23, 2015, an aggregate of 1053 restricted shares previously issued to Mr. Cotter vested in accordance with their terms and the terms of the plan under which such shares were issued. Mr. Cotter elected to withhold an aggregate of 354 shares to pay the related taxes. As such, the number of shares actually issued was 699.
- F6Subject to the terms of the company's plan, vests in equal increments over a three year period, commencing on the first anniversary of the date of grant.