CDM Hostess Class C, LLC 4
4 · Hostess Brands, Inc. · Filed Jan 4, 2018
Insider Transaction Report
Form 4
Transactions
- Other
Class A Common Stock
2018-01-02+25,752→ 25,752 total - Sale
Class A Common Stock
2018-01-02$15.30/sh−25,752$394,018→ 0 total - Other
Class B Common Stock
2018-01-02−25,752→ 962,472 total→ Class A Common Stock (25,752 underlying)
Footnotes (2)
- [F1]Pursuant to the Exchange Agreement, dated November 4, 2016, by and between the Issuer, the reporting person and the other parties thereto (the "Exchange Agreement"), each share of Class B Common Stock may be exchanged for one share of Class A Common Stock of the Issuer, if exchanged together with one Class B Unit of Hostess Holdings, L.P. The exchange rights under the Exchange Agreement do not expire.
- [F2]Reflects the weighted average price of sales on January 2, 2018. The shares were sold pursuant to a 10b5-1 trading plan in multiple transactions at prices ranging from $15.30 to $15.35, inclusive. The 10b5-1 trading plan was established by C. Dean Metropoulos, the controlling person of the reporting person, on September 14, 2017 to provide for sales of shares, from time to time, by entities controlled thereby, within pre-determined price and quantity limits. The reporting person undertakes to provide to Hostess Brands, Inc., any security holder of Hostess Brands, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.