SEC Form 4 · accession 0001181580-17-000018
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
Mar 23, 2017
Accepted (ET)
Mar 27, 2017 · 10:48 am EDT
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 | Mar 23, 2017 | P | 200 | $1.90 | A | 5,200 | D | |
| Common Stock | Mar 23, 2017 | P | 12,600 | $1.91 | A | 17,800 | D | |
| Common Stock | Mar 23, 2017 | P | 8,000 | $1.899 | A | 25,800 | D | |
| Common Stock | Mar 23, 2017 | P | 2,463 | $1.92 | A | 28,263 | D | |
| Common Stock | Mar 23, 2017 | P | 3,200 | $1.9399 | A | 31,463 | D | |
| Common Stock | Mar 23, 2017 | P | 100 | $1.94 | A | 31,563 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4% Convertible Senior Notes due 2022, Par $100 | $2.00 | holding | — | — | — | May 15, 2017 | Feb 15, 2022 | Common Stock | 175,000 | — | D |
| Restricted Stock UnitsF1 | — | holding | — | — | — | 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.