SEC Form 4 · accession 0000921895-15-001650
NATHANS FAMOUS, INC. · NATH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Eide
Director
Period of report
Jun 17, 2015
Accepted (ET)
Jun 18, 2015 · 4:41 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,F3 | Jun 17, 2015 | M | 3,787 | $11.72 | A | 28,112 | D | |
| Common StockF2 | holding | — | — | — | 75,000 | I | By 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 Stock Incentive Plan (Right to Buy)F3 | $11.72 | Jun 17, 2015 | M | 3,787 | D | — | Jun 5, 2016 | Common Stock | 3,787 | 0 | D |
Explanation of responses
- F1These shares were acquired through the exercise of stock options granted on June 6, 2011 pursuant to the Issuer's 2010 Stock Incentive Plan.
- F2These shares are held indirectly through Lorber Alpha II LP, for which Robert Eide is an officer and director of its general partner and a trustee of the controlling shareholders of such entity.
- F3These options to purchase shares replaced options to purchase 2,500 shares at an exercise price of $17.75, in connection with the recent special cash dividend of the Issuer and pursuant to Article IV(e) of the Issuer's 2010 Stock Incentive Plan, under which the Issuer's Compensation Committee has the authority to make appropriate provisions upon the Issuer's declaration of a special cash dividend. The original options vested 25% on each of the first through fourth anniversaries of June 6, 2011, the original grant date, and these replacement options have the same vesting terms and expiration date as the original grant.