SEC Form 4 · accession 0000921895-15-000612
NATHANS FAMOUS, INC. · NATH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard M Lorber
Officer — Executive Chairman · Director · 10% Owner
Period of report
Mar 10, 2015
Accepted (ET)
Mar 12, 2015 · 4:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000069733
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 10, 2015 | M | 25,000 | $13.08 | A | 927,478 | D | |
| Common StockF2 | Mar 10, 2015 | F | 14,850 | $71.63 | D | 912,628 | D | |
| Common StockF3 | Mar 10, 2015 | M | 18,750 | $17.75 | A | 931,378 | D | |
| Common StockF2,F4 | Mar 10, 2015 | F | 11,677 | $71.63 | D | 919,701 | D | |
| Common StockF5 | holding | — | — | — | 10,000 | I | Lorber Gamma LP | |
| Common StockF6 | holding | — | — | — | 75,000 | I | Lorber Alpha II LP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2002 Stock Option Plan (Right to Buy)F7 | $13.08 | Mar 10, 2015 | M | 25,000 | D | — | Jun 13, 2016 | Common Stock | 25,000 | 0 | D |
| 2010 Stock Incentive Plan (Right to Buy)F8 | $17.75 | Mar 10, 2015 | M | 18,750 | D | — | Jun 5, 2016 | Common Stock | 18,750 | 6,250 | D |
Explanation of responses
- F1These shares were acquired through the exercise of stock options granted on June 14, 2006 pursuant to the Issuer's 2002 Stock Incentive Plan.
- F2Transaction represents withholding of shares based on a net exercise to satisfy tax withholding obligation and exercise cost.
- F3These shares were acquired through the exercise of stock options granted on June 6, 2011 pursuant to the Issuer's 2010 Stock Incentive Plan.
- F4Includes 20,000 shares of unvested restricted stock.
- F5Represents shares owned by Lorber Gamma LP (the "Lorber LP"). Mr. Lorber serves as the President of the Lorber LP's general partner and as such has voting and dispositive power with respect to such shares.
- F6Represents shares owned by Lorber Alpha II LP (the "Lorber II LP"). Mr. Lorber serves as the President of the Lorber II LP's general partner and as such has voting and dispositive power with respect to such shares.
- F7Options vested 20% on each of the first through fifth anniversaries of June 14, 2006, the grant date.
- F8Options vested 25% on each of the first through fourth anniversaries of June 6, 2011, the grant date.