Ireland John D 4
4 · Crumbs Bake Shop, Inc. · Filed Oct 9, 2012
Insider Transaction Report
Form 4
Ireland John D
SVP, CFO and Treasurer
Transactions
- Disposition to Issuer
Series A Voting Preferred Stock
2012-10-09−3,900→ 5,850.2 total - Exercise/Conversion
Common Stock
2012-10-09+39,000→ 74,000 total - Exercise/Conversion
New Crumbs Class B Exchangable Units
2012-10-09−39,000→ 58,502 total→ Common Stock (39,000 underlying)
Footnotes (4)
- [F1]The shares of Series A Voting Preferred Stock ("Series A Shares") and the New Crumbs Class B Exchangeable Units ("Class B Units") are exchangeable, collectively, for shares of the issuer's common stock on a one-for-one basis for no consideration, subject to the Exchange and Support Agreement among the issuer, Crumbs Holdings LLC ("Crumbs") and the members of Crumbs dated May 5, 2011.
- [F2]The Class B Units are immediately exchangeable for one share of the issuer's common stock.
- [F3]The Class B Units do not expire.
- [F4]The Class B Units and the shares of the Series A Stock were issued to the reporting person as consideration in a merger transaction on May 5, 2011, pursuant to a Business Combination Agreement between the issuer, 57th Street Merger Sub LLC, and Crumbs dated January 9, 2011, as amended.