4//SEC Filing
GOLDEN ENTERPRISES INC 4
Accession 0001144204-16-126867
CIK 0000042228operating
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 7:18 PM ET
Size
11.8 KB
Accession
0001144204-16-126867
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.
Documents
Issuer
GOLDEN ENTERPRISES INC
CIK 0000042228
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000042228
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 7:18 PM ET
- Size
- 11.8 KB