SEC Form 4 · accession 0000921895-16-004810
NATHANS FAMOUS, INC. · NATH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Raich
Director
Period of report
Jun 1, 2016
Accepted (ET)
Jun 2, 2016 · 6:32 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 | Jun 1, 2016 | M | 3,787 | $11.72 | A | 30,833 | D | |
| Common StockF2,F3 | Jun 1, 2016 | F | 1,030 | $43.09 | D | 29,803 | 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)F4 | $11.72 | Jun 1, 2016 | 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.
- F2Transaction represents withholding of shares based on a net exercise to satisfy exercise cost.
- F3The Reporting Person's Form 4s previously reported that the Reporting Person indirectly owned 5,510 shares held by Raich Ende Malter & Co., LLP. The Reporting Person no longer has an equity interest in Raich Ende Malter & Co., LLP and accordingly does not have an indirect ownership interest in such shares.
- F4These options to purchase shares replaced options to purchase 2,500 shares at an exercise price of $17.75, in connection with the 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.