SEC Form 4 · accession 0001181580-17-000003
RAVE RESTAURANT GROUP, INC. · RAVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Crane
Officer — President & CEO
Period of report
Jan 12, 2017
Accepted (ET)
Jan 13, 2017 · 10:42 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000718332
Table I — non-derivative securities
No Table I lines on this filing.
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 12, 2017 | A | 300,000 | A | Oct 15, 2019 | Oct 15, 2019 | Common Stock | — | 300,000 | 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.