Fiesta Restaurant Group, Inc. 4
4 · Fiesta Restaurant Group, Inc. · Filed Jun 12, 2012
Insider Transaction Report
Form 4
SMITH JACK A
Director
Transactions
- Award
Common Stock, par value $0.01 per share
2012-06-08+1,967→ 31,580 total
Footnotes (2)
- [F1]The Shares were granted to the Reporting Person pursuant to the Issuer's 2012 Stock Incentive Plan and subject to restrictions on transfer. The stock award reported herein shall vest (and the restrictions shall lapse) as follows: (i) one-third (1/3) of the Shares reported herein shall vest (and the restrictions shall lapse) on June 8, 2013 and (ii) an additional one-third (1/3) of the Shares reported herein shall vest (and the restrictions shall lapse) on each of June 8, 2014 and June 8, 2015, provided that the Reporting Person has continuously remained a director of the Issuer. Any unvested shares underlying the stock award reported herein will be immediately forfeited upon the Reporting Person ceasing to be a director. The stock award reported herein is not transferable unless vested.
- [F2]Includes shares of the Issuer's common stock received in connection with the legal and structural separation of the Issuer from Carrols Restaurant Group, Inc. on May 7, 2012, in an exempt transaction pursuant to Rule 16a-9.