SEC Form 4 · accession 0001181580-18-000002
RAVE RESTAURANT GROUP, INC. · RAVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy E Mullany
Officer — Chief Financial Officer
Period of report
Dec 29, 2017
Accepted (ET)
Jan 3, 2018 · 12:16 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 | — | — | — | 11,980 | 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 | — | Dec 29, 2017 | A | 69,533 | A | Oct 15, 2020 | Oct 15, 2020 | Common Stock | — | 69,533 | D |
| Restricted Stock UnitsF1 | — | holding | — | — | — | Oct 15, 2019 | Oct 15, 2019 | Common Stock | — | 65,190 | D |
| Restricted Stock UnitsF1 | — | holding | — | — | — | Oct 15, 2018 | Oct 15, 2018 | Common Stock | — | 20,050 | D |
| Employee Stock Option (right to buy)F2 | $6.03 | holding | — | — | — | — | May 5, 2024 | Common Stock | 100,000 | 100,000 | 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 exercisable as to 10%, 20%, 30% and 40% of the shares on May 5, 2015, 2016, 2017 and 2018, respectively.