SEC Form 4 · accession 0001181580-16-000019
RAVE RESTAURANT GROUP, INC. · RAVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randall E. Gier
Officer — President & CEO
Period of report
Jan 28, 2016
Accepted (ET)
Feb 1, 2016 · 3:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000718332
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 52,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Jan 28, 2016 | A | 43,750 | A | Oct 15, 2018 | Oct 15, 2018 | Common Stock | — | 43,750 | D |
| Employee Stock Option (right to buy)F2 | $8.05 | holding | — | — | — | — | Sep 25, 2024 | Common Stock | 30,000 | 30,000 | D |
| Employee Stock Option (right to buy)F3 | $8.16 | holding | — | — | — | — | Nov 6, 2023 | Common Stock | 15,000 | 15,000 | D |
| Employee Stock Option (right to buy)F4 | $2.56 | holding | — | — | — | — | Nov 8, 2022 | Common Stock | 230,000 | 230,000 | D |
| Employee Stock Option (right to buy)F5 | $2.56 | holding | — | — | — | — | Nov 8, 2022 | Common Stock | 45,200 | 120,000 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on multiple financial metrics which, if at least minimum criteria are achieved, may yield from 50% to 150% of a share of common stock per restricted stock unit.
- F2Represents employee stock options conditionally granted on September 25, 2014, and exercisable as to 10%, 20%, 30% and 40% of shares on September 25, 2015, 2016, 2017 and 2018, respectively.
- F3Represents employee stock options conditionally granted on November 6, 2013, and exercisable as to 10%, 20%, 30% and 40% of shares on November 6, 2014, 2015, 2016 and 2017, respectively.
- F4Represents employee stock options exercisable as to 23,000, 46,000, 69,000 and 92,000 shares on November 8, 2013, 2014, 2015 and 2016, respectively.
- F5Represents employee stock options conditionally granted on November 8, 2012, and exercisable as to 10%, 20%, 30% and 40% of shares on November 8, 2013, 2014, 2015 and 2016, respectively.