5//SEC Filing
GOLDEN ENTERPRISES INC 5
Accession 0001157523-06-006853
CIK 0000042228operating
Filed
Jul 13, 8:00 PM ET
Accepted
Jul 14, 2:14 PM ET
Size
11.7 KB
Accession
0001157523-06-006853
Insider Transaction Report
Form 5
MCCUTCHEON MARK W
DirectorChairman, President and CEO
Transactions
- Other
Common Stock
2005-08-05−13,561→ 925,134 total(indirect: Shared Voting Rights)
Holdings
- 1,014,500(indirect: By Estate of Sloan Y. Bashinsky, Sr.)
Common Stock
- 5,231,128(indirect: By SYB, Inc.)
Common Stock
- 4,455
Common Stock
- 40,000
Common Stock Options $3.81
Exercise: $0.00Exp: 2011-10-15→ Common Stock (40,000 underlying) - 20,000
Common Stock Options $3.50
Exercise: $0.00Exp: 2009-04-08→ Common Stock (20,000 underlying)
Footnotes (5)
- [F1]Shares owned by Golden Enterprises, Inc. and Subsidiaries Employee Stock Ownership Plan. Mr. McCutcheon serves on the Plan Administrative Committee with two other individuals. The vote of two members in favor of any proposed action is required. Consequently, Mr. McCutcheon shares in the voting of the Golden Enterprises stock owned by the Plan. The securities disposed represent the difference of share ownership by the Plan from last fiscal year's record date. In addition, as an employee of Golden Enterprises, Inc., Mr. McCutcheon participates in the Plan and 3,085 shares of Golden Enterprises stock have vested to his account. Mr. McCutcheon disclaims any beneficial ownership in the remaining shares held by the Plan.
- [F2]Mr. McCutcheon serves on the Voting Committee created under the Last Will and Testament/Trusts and SYB, Inc. Common Stock Trust created by Sloan Y. Bashinsky, Sr. ("Mr. Bashinsky"). The Voting Committee, presently made up of seven members (six members of the Issuer's Board of Directors and one member selected by the Personal Representatives of Mr. Bashinsky's Estate and Trustees of the SYB, Inc. Common Stock Trust), votes the shares of Issuer's stock owned by the Estate of Mr. Bashinsky (1,014,500 Shares) and the shares owned by SYB, Inc. (5,231,128 Shares). Mr. McCutcheon disclaims beneficial ownership of such Shares. All members of the Voting Committee have executed a Schedule 13D on behalf of a Voting Group of the Estate/Testamentary Trust and the SYB, Inc. Common Stock Trust.
- [F3]Options granted under the Golden Enterprises, Inc. 1996 Long Term Incentive Plan.
- [F4]All options were and are exercisable on and after October 15, 2002.
- [F5]All options were and are exercisable on and after April 8, 1999.
Documents
Issuer
GOLDEN ENTERPRISES INC
CIK 0000042228
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000042228
Filing Metadata
- Form type
- 5
- Filed
- Jul 13, 8:00 PM ET
- Accepted
- Jul 14, 2:14 PM ET
- Size
- 11.7 KB