NATHANS FAMOUS INC 4
4 · NATHANS FAMOUS INC · Filed May 31, 2016
Insider Transaction Report
Form 4
SCHEDLER DONALD P
Vice President
Transactions
- Exercise/Conversion
2010 Stock Incentive Plan (Right to Buy)
2016-05-26−1,893→ 0 totalExercise: $11.72Exp: 2016-06-05→ Common Stock (1,893 underlying) - Exercise/Conversion
Common Stock
2016-05-26$11.72/sh+1,893$22,186→ 24,007 total - Tax Payment
Common Stock
2016-05-26$44.23/sh−1,062$46,972→ 22,945 total
Footnotes (3)
- [F1]These shares were acquired through the exercise of stock options granted on June 6, 2011 pursuant to the Issuer's 2010 Stock Incentive Plan.
- [F2]Transaction represents withholding of shares based on a net exercise to satisfy tax withholding obligation and exercise cost.
- [F3]These options to purchase shares replaced options to purchase 1,250 shares at an exercise price of $17.75, in connection with the special cash dividend of the Issuer and pursuant to Article IV(e) of the Issuer's 2010 Stock Incentive Plan, under which the Issuer's Compensation Committee has the authority to make appropriate provisions upon the Issuer's declaration of a special cash dividend. The original options vested 25% on each of the first through fourth anniversaries of June 6, 2011, the original grant date, and these replacement options have the same vesting terms and expiration date as the original grant.