NATHANS FAMOUS INC 4
4 · NATHANS FAMOUS INC · Filed Apr 3, 2015
Insider Transaction Report
Form 4
Watts Randy
VP-Franchise Operations
Transactions
- Disposition to Issuer
2010 Stock Incentive Plan (Right to Buy)
2015-04-02−1,250→ 0 totalExercise: $17.75Exp: 2016-06-05→ Common Stock (1,250 underlying) - Award
2010 Stock Incentive Plan (Right to Buy)
2015-04-02+1,893→ 1,893 totalExercise: $11.72Exp: 2016-06-05→ Common Stock (1,893 underlying)
Holdings
- 12,179
Common Stock
Footnotes (1)
- [F1]In connection with the recent special cash dividend of the Issuer, the Issuer's Compensation Committee approved the exchange of options to purchase 1,250 shares at an exercise price of $17.75 for options to purchase 1,893 shares at an exercise price of $11.72. Pursuant to Article IV(e) of the Issuer's 2010 Stock Incentive Plan, the Compensation Committee has the authority to make appropriate provisions upon the Issuer's declaration of a special cash dividend. The original options vested 25% each on the first through fourth anniversaries of June 6, 2011, the grant date, and the new options will have the same vesting terms and expiration date as the original grant.