GOLDEN ENTERPRISES INC 5
5 · GOLDEN ENTERPRISES INC · Filed Jul 14, 2006
Insider Transaction Report
Form 5
STEIN JOHN S
Director
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
- 288,854
Common Stock
- 5,231,128(indirect: By SYB, Inc.)
Common Stock
- 20,000
Common Stock Options $3.81
Exercise: $3.81From: 2006-05-31Exp: 2009-04-08→ Common Stock (20,000 underlying) - 404,544(indirect: By Foundation)
Common Stock
- 40,000
Common Stock Options $3.81
Exercise: $3.81From: 2006-05-31Exp: 2011-10-15→ Common Stock (40,000 underlying)
Footnotes (3)
- [F1]Shares owned by Golden Enterprises, Inc. and Subsidiaries Employee Stock Ownership Plan. Mr. Stein 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. Stein shares in the voting of the Golden Enterprises stock owned by the Plan. In addition, as an employee of Golden Enterprises, Inc., Mr. Stein participates in the Plan and 50,717 shares of Golden Enterprises stock have vested to his account. Mr. Stein disclaims any beneficial ownership in the remaining shares held by the Plan.
- [F2]Mr. Stein 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. Stein 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]Shares owned by the Bashinsky Foundation, Inc., a tax-exempt private foundation. Mr. Stein serves as a member of the Board of Directors and an officer of Bashinsky Foundation, Inc. Mr. Stein disclaims beneficial ownership of such shares..