SEC Form 4 · accession 0000921895-15-000866
NATHANS FAMOUS, INC. · NATH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald P Schedler
Officer — Vice President
Period of report
Apr 2, 2015
Accepted (ET)
Apr 3, 2015 · 11:36 am 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 Stock | holding | — | — | — | 22,114 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 Stock Incentive Plan (Right to Buy)F1 | $17.75 | Apr 2, 2015 | D | 1,250 | D | — | Jun 5, 2016 | Common Stock | 1,250 | 0 | D |
| 2010 Stock Incentive Plan (Right to Buy)F1 | $11.72 | Apr 2, 2015 | A | 1,893 | A | — | Jun 5, 2016 | Common Stock | 1,893 | 1,893 | D |
Explanation of responses
- F1In connection with the recent special cash dividend of the Issuer, the Issuer's Compensation Committee approved the exchange of options to purchase 1,250 shares at an exercise price of $17.75 for options to purchase 1,893 shares at an exercise price of $11.72. Pursuant to Article IV(e) of the Issuer's 2010 Stock Incentive Plan, the Compensation Committee has the authority to make appropriate provisions upon the Issuer's declaration of a special cash dividend. The original options vested 25% each on the first through fourth anniversaries of June 6, 2011, the grant date, and the new options will have the same vesting terms and expiration date as the original grant.