LION FUND II, L.P. 4
4 · CRACKER BARREL OLD COUNTRY STORE, INC · Filed May 30, 2019
Insider Transaction Report
Form 4
BIGLARI, SARDAR
10% OwnerOther
Transactions
- Sale
Call Option (Obligation to Sell)
2019-05-28$100.00/sh−108$10,800→ 108 total(indirect: By The Lion Fund II, L.P.)Exercise: $195.00From: 2019-05-28Exp: 2019-12-20→ Common Stock (10,800 underlying) - Sale
Call Option (Obligation to Sell)
2019-05-29$101.97/sh−76$7,750→ 76 total(indirect: By The Lion Fund II, L.P.)Exercise: $190.00From: 2019-05-29Exp: 2019-12-20→ Common Stock (7,600 underlying) - Sale
Call Option (Obligation to Sell)
2019-05-30$98.76/sh−266$26,270→ 266 total(indirect: By The Lion Fund II, L.P.)Exercise: $190.00From: 2019-05-30Exp: 2020-01-17→ Common Stock (26,600 underlying) - Sale
Call Option (Obligation to Sell)
2019-05-29$110.00/sh−5$550→ 5 total(indirect: By The Lion Fund II, L.P.)Exercise: $190.00From: 2019-05-29Exp: 2020-01-17→ Common Stock (500 underlying)
Holdings
- 3,510,644(indirect: By The Lion Fund II, L.P.)
Common Stock, par value $0.01
Footnotes (4)
- [F1]This Form 4 is filed jointly by The Lion Fund II, L.P. ("TLF II"), Biglari Capital Corp. ("BCC") and Sardar Biglari. Each of TLF II, BCC and Mr. Biglari is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of TLF II, BCC and Mr. Biglari disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.
- [F2]Securities owned directly by TLF II. BCC is the general partner of TLF II. Mr. Biglari is the sole member, Chairman and Chief Executive Officer of BCC. By virtue of these relationships, BCC and Mr. Biglari may be deemed to beneficially own the securities of the Issuer owned directly by TLF II.
- [F3]The price reported in Column 8 is a weighted average price. These call options were sold in multiple transactions at prices ranging from $100.00 to $105.00 per call option. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of call options sold at each separate price within the range set forth in this footnote 3 to this Form 4.
- [F4]The price reported in Column 8 is a weighted average price. These call options were sold in multiple transactions at prices ranging from $95.00 to $100.00 per call option. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of call options sold at each separate price within the range set forth in this footnote 4 to this Form 4.