SEC Form 4 · accession 0000921895-19-000250
NATHANS FAMOUS, INC. · NATH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian S Genson
Director
Period of report
Feb 5, 2019
Accepted (ET)
Feb 7, 2019 · 5:29 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 | Feb 5, 2019 | M | 16,117 | $33.438 | A | 33,361 | D | |
| Common Stock | Feb 5, 2019 | F | 7,419 | $72.64 | D | 25,942 | 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)F2 | $33.438 | Feb 5, 2019 | M | 16,117 | D | — | Aug 5, 2019 | Common Stock | 16,117 | 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.
- F2These options to purchase shares replaced options to purchase 15,149 shares at an exercise price of $35.576, 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 August 6, 2014, the original grant date, and these replacement options have the same vesting terms and expiration date as the original grant.