SEC Form 4 · accession 0000921895-17-002334
NATHANS FAMOUS, INC. · NATH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Eide
Director
Period of report
Sep 19, 2017
Accepted (ET)
Sep 20, 2017 · 4:37 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,F2 | Sep 19, 2017 | M | 11,361 | $35.576 | A | 19,473 | D | |
| Common StockF3,F2 | Sep 19, 2017 | F | 5,862 | $68.95 | D | 13,611 | D | |
| Common StockF4 | holding | — | — | — | 7,500 | I | By: Isagen, LLC |
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)F5 | $35.576 | Sep 19, 2017 | M | 11,361 | D | — | Aug 5, 2019 | Common Stock | 11,361 | 0 | D |
Explanation of responses
- F1These shares were acquired through the exercise of stock options granted on August 6, 2014 pursuant to the Issuer's 2010 Stock Incentive Plan.
- F2Does not include 250,000 shares held by Lorber Alpha II LP, for which the Reporting Person is an officer and director of its general partner and a trustee of the controlling shareholders of such entity. Mr. Eide does not have a pecuniary interest in the shares held by Lorber Alpha II LP.
- F3Transaction represents withholding of shares based on net exercise to satisfy exercise cost.
- F4These shares are owned directly by Isagen, LLC, a limited liability company of which the Reporting Person is the sole member.
- F5These options to purchase shares replaced options to purchase 10,000 shares at an exercise price of $53.89, in connection with a 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 in four equal installments beginning on August 6, 2015, and these replacement options have the same vesting terms and expiration date as the original grant.