SEC Form 4 · accession 0000921895-18-000148
NATHANS FAMOUS, INC. · NATH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Eide
Director
Period of report
Jan 10, 2018
Accepted (ET)
Jan 12, 2018 · 5:31 pm EST
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 | holding | — | — | — | 13,611 | D | ||
| Common StockF2 | 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)F3 | $35.576 | Jan 10, 2018 | D | 3,788 | D | — | Aug 5, 2019 | Common Stock | 3,788 | 0 | D |
| 2010 Stock Incentive Plan (Right to Buy)F3 | $33.438 | Jan 10, 2018 | A | 4,030 | A | — | Aug 5, 2019 | Common Stock | 4,030 | 4,030 | D |
Explanation of responses
- F1Does 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.
- F2These shares are owned directly by Isagen, LLC, a limited liability company of which the Reporting Person is the sole member.
- F3In connection with the recent special cash dividend of the Issuer, the Issuer's Compensation Committee approved the exchange of options to purchase 3,788 shares at an exercise price of $35.576 for options to purchase 4,030 shares at an exercise price of $33.438. 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 August 6, 2014, the grant date, and the new options will have the same vesting terms and expiration date as the original grant.