SEC Form 4 · accession 0001179110-16-031907
CHEESECAKE FACTORY INC · CAKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Overton
Officer — Chairman and C.E.O. · Director
Period of report
Nov 18, 2016
Accepted (ET)
Nov 21, 2016 · 5:56 pm EST
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 | Nov 18, 2016 | M | 100,000 | $21.42 | A | 2,951,042 | I | By Trust |
| Common StockF2,F1 | Nov 18, 2016 | S | 89,997 | $57.5131 | D | 2,861,045 | I | By Trust |
| Common StockF3,F1 | Nov 21, 2016 | S | 19,542 | $58.3138 | D | 2,841,503 | I | By Trust |
| Common StockF4 | holding | — | — | — | 183,950 | I | By Trust | |
| Common StockF5 | holding | — | — | — | 60,211 | I | By Trust | |
| Common StockF6 | holding | — | — | — | 99,000 | D |
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) | $21.42 | Nov 18, 2016 | M | 100,000 | D | Jan 7, 2011 | Jan 7, 2018 | Common Stock | 100,000 | 0 | D |
Explanation of responses
- F1Shares held by the David M. Overton Family Trust of which Mr. Overton is trustee.
- F2The price reported in column 4 is weighted average price. These shares were sold in multiple transactions ranging from $57.23 to $57.98, inclusive. The reporting person undertakes to provide to CAKE Corporation, any security holder of CAKE Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- F3The price reported in column 4 is weighted average price. These shares were sold in multiple transactions ranging from $58.30 to $58.46, inclusive. The reporting person undertakes to provide to CAKE Corporation, any security holder of CAKE Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- F4Shares held by the David M. Overton 2011 Gift Trust UTA dated 11/23/2011 for the benefit of the reporting person's son. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities.
- F5Shares held by Mr. Overton's spouse as trustee for the Sheila A. Overton Living Trust. The reporting person disclaims beneficial ownership of these securities.
- F6Shares of restricted stock subject to forfeiture.