SEC Form 4 · accession 0001209191-15-008348
SAFEWAY INC · SWY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arun Sarin
Director
Period of report
Jan 30, 2015
Accepted (ET)
Feb 2, 2015 · 5:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000086144
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $15.23 | Jan 30, 2015 | D | 20,000 | D | — | — | Common Stock | 20,000 | 0 | D |
| Phantom Stock UnitsF2 | — | Jan 30, 2015 | D | 39,094 | D | Jan 30, 2015 | Jan 30, 2015 | Common Stock | 39,094 | 0 | D |
Explanation of responses
- F1The option originally vested in successive annual increments of 1/3 of the original number of shares subject to the option, beginning August 25, 2010. Pursuant to the merger agreement dated as of March 6, 2014 among issuer, AB Acquisition LLC, Albertson's Holdings LLC, Albertson's LLC and Saturn Acquisition Merger Sub, Inc., as amended (the "merger agreement"), each option, whether vested or unvested, was canceled as of the effective date of the merger in exchange for the right to receive for each share of common stock issuable upon exercise of the option (i) $34.92 less the exercise price per share of the option, (ii) one contingent value right relating to issuer's interest in Casa Ley, S.A. de C.V. (a "Casa Ley CVR") and (iii) one contingent value right relating to any deferred consideration relating to the sale of the assets of issuer's real-estate development subsidiary Property Development Centers, LLC (a "PDC CVR"), less any applicable withholding taxes.
- F2Each phantom stock unit represented the right to receive the cash value of the common stock on a 1-for-1 basis upon retirement from the Board or at a permissible time elected by the director. Pursuant to the merger agreement, each phantom stock unit was canceled as of the effective date of the merger in exchange for the right to receive (i) a cash payment of $34.92, (ii) one Casa Ley CVR and (iii) one PDC CVR.