SEC Form 4 · accession 0001179110-15-004534
CHEESECAKE FACTORY INC · CAKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Doug Benn
Officer — Exec VP, CFO
Period of report
Mar 5, 2015
Accepted (ET)
Mar 9, 2015 · 4:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000887596
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F3 | Mar 5, 2015 | A | 5,200 | $0.00 | A | 22,000 | D | |
| Common Stock | holding | — | — | — | 35,624 | D | ||
| Common Stock | holding | — | — | — | 5,000 | I | By IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $48.01 | Mar 5, 2015 | A | 14,500 | A | — | Mar 5, 2023 | Common Stock | 14,500 | 14,500 | D |
Explanation of responses
- F1Shares of restricted stock subject to the following vesting conditions: Performance condition based on the Issuer's cumulative fully-diluted earnings per share of (i) a combined target for fiscal 2015 and 2016, or (ii) a combined target for 2015, 2016 and 2017, whichever occurs first, then time-based vesting at a rate of 60% of the shares on 3/5/2018 and 20% on each of 3/5/2019 and 3/5/2020.
- F2Vests as to 20% of the options on each of 3/5/2016, 2017, 2018, 2019 and 2020.
- F3Shares of restricted stock subject to forfeiture.