ERICKSON RONALD A 4
4 · GANDER MOUNTAIN CO · Filed Oct 9, 2009
Insider Transaction Report
Form 4
ERICKSON RONALD A
Director10% Owner
Transactions
- Purchase
Option (Right to Buy)
2009-09-27+680,220→ 680,220 total(indirect: By Holiday Stationstores, Inc.)Exercise: $5.15→ Common Stock (680,220 underlying)
Footnotes (2)
- [F1]The reporting person disclaims beneficial ownership of the shares held by Holiday Stationstores, Inc. ("Holiday") except to the extent of the reporting person's economic interest in these shares.
- [F2]On 9-27-2009, the Issuer's board approved a reverse stock split after which any shareholder holding less than one share will receive $5.15 for each pre-split share. Holiday has agreed with the Issuer to fund a portion of these cash payments, and the Issuer has agreed to issue to Holiday shares equal to this funding amount divided by $5.15. Holiday has the right, under certain conditions, to request the issuance of 680,220 of these shares prior to the effective date of the split. However, Holiday's right to receive the 680,220 shares can be terminated before it is exercised under specified circumstances by the Issuer or the special committee of the board.