HASTINGS ENTERTAINMENT INC 4

Accession 0001054579-14-000004

CIK 0001054579operating

Filed

Jul 17, 8:00 PM ET

Accepted

Jul 18, 10:44 AM ET

Size

24.8 KB

Accession

0001054579-14-000004

Form 4

Period: 2014-07-15

DirectorPresident and CEO10% Owner

Transactions

Disposition to Issuer
Common Stock (Right to Buy)
2010-12-02+11,883→ 0 total
Exercise: $6.45→ Common Stock (11,883 underlying)
Disposition to Issuer
Common Stock (Right to Buy)
2010-12-02+28,117→ 0 total
Exercise: $7.09→ Common Stock (28,117 underlying)
Disposition to Issuer
Common Stock
2014-07-15$1052301.00/sh−350,767$369,112,464,867→ 0 total
Disposition to Issuer
Common Stock
2014-07-15$6199575.00/sh−2,066,525$12,811,576,726,875→ 0 total(indirect: By Partnership)
Disposition to Issuer
Common Stock
2014-07-15$122316.00/sh−40,772$4,987,067,952→ 0 total(indirect: By Spouse)
Disposition to Issuer
Common Stock
2014-07-15$25965.00/sh−8,655$224,727,075→ 0 total(indirect: By 401(k))
Disposition to Issuer
Common Stock (Right to Buy)
2012-12-07+22,059→ 0 total
Exercise: $2.25→ Common Stock (22,059 underlying)
Disposition to Issuer
Common Stock (Right to Buy)
2012-12-07+741→ 0 total
Exercise: $2.05→ Common Stock (741 underlying)
Disposition to Issuer
Common Stock (Right to Buy)
2008-12-05+11,663→ 0 total
Exercise: $1.69→ Common Stock (11,663 underlying)
Disposition to Issuer
Common Stock
2014-07-15$29229.00/sh−9,743$284,778,147→ 0 total(indirect: Held in Hastings ASOP plan)
Disposition to Issuer
Common Stock (Right to Buy)
2009-12-04+30,000→ 0 total
Exercise: $4.67→ Common Stock (30,000 underlying)

Footnotes (4)

[F1]Disposed of pursuant to Agreement and Plan of Merger, dated as of March 17, 2014, by and among Hastings Entertainment, Inc. ("Hastings"), Draw Another Circle, LLC and Hendrix Acquisition Corp. (the "Merger Agreement"), whereby each such share of Hastings Common Stock was converted into the right to receive $3.00, in cash and without interest.
[F2]Pursuant to the Merger Agreement, all options to purchase Hastings Common Stock that were issued by Hastings were cancelled and terminated immediately upon the effective time of the Merger contemplated therein and, to the extent any such option was vested as of such effective time and had an exercise price of less than $3.00 per share, the holder of such option is entitled to receive an amount equal to the difference between $3.00 and the exercise price of such option multiplied by the number of Hastings Common Stock subject to such option, which amount shall be payable in cash and without interest. Notwithstanding the foregoing, all such options held by John Marmaduke, Dan Crow or Alan Van Ongevalle shall be cancelled and terminated without consideration, regardless of exercise price or vesting.
[F3]Options vest 20% on each anniversary of the grant date.
[F4]Options expire on the 10 year anniversary of the grant date.

Documents

1 file

HASTINGS ENTERTAINMENT INC

CIK 0001054579

Entity typeoperating

IncorporatedTX