SEC Form 4 · accession 0001179110-17-005037
G&K SERVICES INC · GK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin A Fancey
Officer — President, G&K Services Canada
Period of report
Mar 21, 2017
Accepted (ET)
Mar 22, 2017 · 11:06 am 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 | Mar 21, 2017 | D | 5,661 | $97.50 | D | 0 | 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 OptionF2 | $47.20 | Mar 21, 2017 | D | 5,000 | D | Aug 19, 2014 | Aug 19, 2023 | Class A Common Stock | 5,000 | 0 | D |
| Employee Stock OptionF2 | $55.04 | Mar 21, 2017 | D | 12,161 | D | Aug 21, 2015 | Aug 21, 2024 | Class A Common Stock | 12,161 | 0 | D |
| Employee Stock OptionF2 | $71.15 | Mar 21, 2017 | D | 12,509 | D | Aug 20, 2016 | Aug 20, 2025 | Class A Common Stock | 12,509 | 0 | D |
| Restricted Stock UnitF4,F3 | — | Mar 21, 2017 | D | 2,520 | D | — | — | Class A Common Stock | 2,520 | 0 | D |
| Restricted Stock UnitF4,F3 | — | Mar 21, 2017 | D | 4,626 | D | — | — | Class A Common Stock | 4,626 | 0 | D |
Explanation of responses
- F1Disposition is exempt under Rule 16(b)(3).
- F2This option was canceled in the merger in exchange for a cash payment of the difference between the exercise price and the $97.50 per share merger consideration.
- F3The restricted stock units vest in equal installments over a period of three years. On each vesting date, the company pays to Mr. Fancey a cash amount equal to the fair market value of one share of the company's common stock on such vesting date times the number of restricted stock units that vested, and such vested restricted stock units thereafter are cancelled and no further amounts are paid with respect to them.
- F4The restricted stock units were canceled in the merger in exchange for a cash payment equal to of the number of restricted stock units outstanding times the $97.50 per share merger consideration.