MUHTAR JONATHAN A. 4
4 · RED ROBIN GOURMET BURGERS INC · Filed Mar 16, 2020
Insider Transaction Report
Form 4
MUHTAR JONATHAN A.
Chief Marketing Officer
Transactions
- Purchase
Common Stock
2020-03-12$8.39/sh+1,000$8,388→ 17,278 total - Tax Payment
Common Stock
2020-03-15$9.17/sh−140$1,284→ 17,138 total
Footnotes (3)
- [F1]The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $8.38 to $8.39, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, of the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F2]In connection with the vesting of 486 time-based restricted stock units which were granted on March 15, 2018 under the issuer's 2017 Performance Incentive Plan, as amended, the reporting person sold 140 of such shares to the issuer to satisfy tax withholding obligations. The sale was approved by the issuer's Compensation Committee in accordance with Rule 16b-3(d)(1) of the Exchange Act (the "Act"), and as such, the sale is exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder.
- [F3]Includes 9,548 shares subject to vesting and forfeiture restrictions.