GOLDEN ENTERPRISES INC 4
4 · GOLDEN ENTERPRISES INC · Filed Oct 4, 2016
Insider Transaction Report
Form 4
MCCUTCHEON MARK W
DirectorChairman, President and CEO
Transactions
- Sale
Common Stock
2016-09-30$12.00/sh−5,231,128$62,773,536→ 0 total(indirect: By SYB, Inc.) - Sale
Stock Option
2016-09-30$12.00/sh−50,000$600,000→ 0 totalExercise: $3.84From: 2016-04-23Exp: 2016-04-09→ Common Stock (50,000 underlying) - Sale
Common Stock
2016-09-30$12.00/sh−600,279$7,203,348→ 0 total(indirect: By Trust) - Sale
Common Stock
2016-09-30$12.00/sh−3,816$45,792→ 0 total(indirect: See Footnote)
Footnotes (4)
- [F1]Owned by 401(k) Plan account for the benefit of Mark W. McCutcheon.
- [F2]Mr. McCutcheon serves on the Voting Committee created under the Will of and the SYB, Inc. Common Stock Trust created by Sloan Y. Bashinsky, Sr. (AMr. Bashinsky@). The Voting Committee voted the shares of Issuer=s stock owned by the Marital Trust created by the Will of Mr. Bashinsky and the shares owned by SYB, Inc. As part of a merger of Golden Enterprises, Inc. with an unrelated entity, SYB, Inc. and the Marital Trust have sold all Shares of Common Stock of the Issuer and the Voting Committee ceased to exist. Mr. McCutcheon disclaims beneficial ownership of such Shares and proceeds therefrom.
- [F3]Issuer is merging with an unrelated third party and upon merger stock options will be cancelled, whether or not vested, and the option holder will be paid an amount equal to $12.00 minus the per share exercise price multiplied by the number of stock options.
- [F4]The stock options vested in two unequal installments beginning on 4/23/2016.