SEC Form 4 · accession 0001179110-15-012673
G&K SERVICES INC · GK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas A. Milroy
Officer — Chairman and CEO · Director
Period of report
Aug 25, 2015
Accepted (ET)
Aug 26, 2015 · 5:20 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 | Aug 25, 2015 | F | 2,138 | $66.29 | D | 216,002 | D | |
| Class A Common Stock | Aug 25, 2015 | M | 7,500 | $7.96 | A | 223,502 | D | |
| Class A Common StockF2,F3 | Aug 25, 2015 | S | 2,314 | $66.67 | D | 221,188 | D | |
| Class A Common StockF2,F4 | Aug 25, 2015 | S | 4,100 | $67.68 | D | 217,088 | D | |
| Class A Common StockF2,F5 | Aug 25, 2015 | S | 1,084 | $68.75 | D | 216,004 | D | |
| Class A Common StockF2 | Aug 25, 2015 | S | 2 | $69.63 | D | 216,002 | D | |
| Class A Common Stock | Aug 26, 2015 | M | 7,500 | $7.96 | A | 223,502 | D | |
| Class A Common StockF2,F6 | Aug 26, 2015 | S | 4,900 | $65.62 | D | 218,602 | D | |
| Class A Common StockF2,F7 | Aug 26, 2015 | S | 1,907 | $66.77 | D | 216,695 | D | |
| Class A Common StockF2,F8 | Aug 26, 2015 | S | 693 | $67.54 | D | 216,002 | 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 Option | $7.96 | Aug 25, 2015 | M | 7,500 | D | Aug 19, 2011 | Aug 19, 2020 | Class A Common Stock | 7,500 | 15,063 | D |
| Employee Stock Option | $7.96 | Aug 26, 2015 | M | 7,500 | D | Aug 19, 2011 | Aug 19, 2020 | Class A Common Stock | 7,500 | 7,563 | D |
Explanation of responses
- F1On August 25, 2015, an aggregate of 4,434 restricted shares previously issued to Mr. Milroy vested in accordance with their terms and the terms of the plan under which such shares were issued. Mr. Milroy elected to withhold an aggregate of 2,138 shares to pay the related taxes. As such, the number of shares actually issued was 2,296.
- F2Repesents shares sold by the reporting person to cover additional taxes owed in excess of taxes already withheld following vesting of restricted stock previously granted to the reporting person.
- F3This transaction was executed in multiple trades at prices ranging from $66.26 to $67.24. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4This transaction was executed in multiple trades at prices ranging from $67.26 to $68.25. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5This transaction was executed in multiple trades at prices ranging from $68.43 to $69.28. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F6This transaction was executed in multiple trades at prices ranging from $65.15 to $65.95. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F7This transaction was executed in multiple trades at prices ranging from $66.36 to $67.23. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F8This transaction was executed in multiple trades at prices ranging from $67.46 to $67.64. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.