SEC Form 4 · accession 0001144204-16-126874
GOLDEN ENTERPRISES INC · GLDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Daniel Ward
Officer — Senior Director Sales Support
Period of report
Sep 30, 2016
Accepted (ET)
Oct 4, 2016 · 7:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000042228
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 30, 2016 | S | 24 | $12.00 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1,F2 | $3.84 | Sep 30, 2016 | S | 25,000 | D | Apr 23, 2016 | Apr 9, 2016 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1Issuer is merging with an unrelated third party and upon merger stock options will be cancelled and the option holder will be paid an amount equal to $12.00 minus the per share exercise price multiplied by the number of stock options.
- F2The stock options vested in two unequal installments beginning on 4/23/2016.