RAVE RESTAURANT GROUP, INC. 4
4 · RAVE RESTAURANT GROUP, INC. · Filed Feb 1, 2016
Insider Transaction Report
Form 4
GIER RANDALL E.
President & CEO
Transactions
- Award
Restricted Stock Units
2016-01-28+43,750→ 43,750 totalFrom: 2018-10-15Exp: 2018-10-15→ Common Stock
Holdings
- 15,000
Employee Stock Option (right to buy)
Exercise: $8.16Exp: 2023-11-06→ Common Stock (15,000 underlying) - 120,000
Employee Stock Option (right to buy)
Exercise: $2.56Exp: 2022-11-08→ Common Stock (45,200 underlying) - 30,000
Employee Stock Option (right to buy)
Exercise: $8.05Exp: 2024-09-25→ Common Stock (30,000 underlying) - 230,000
Employee Stock Option (right to buy)
Exercise: $2.56Exp: 2022-11-08→ Common Stock (230,000 underlying) - 52,500
Common Stock
Footnotes (5)
- [F1]Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on multiple financial metrics which, if at least minimum criteria are achieved, may yield from 50% to 150% of a share of common stock per restricted stock unit.
- [F2]Represents employee stock options conditionally granted on September 25, 2014, and exercisable as to 10%, 20%, 30% and 40% of shares on September 25, 2015, 2016, 2017 and 2018, respectively.
- [F3]Represents employee stock options conditionally granted on November 6, 2013, and exercisable as to 10%, 20%, 30% and 40% of shares on November 6, 2014, 2015, 2016 and 2017, respectively.
- [F4]Represents employee stock options exercisable as to 23,000, 46,000, 69,000 and 92,000 shares on November 8, 2013, 2014, 2015 and 2016, respectively.
- [F5]Represents employee stock options conditionally granted on November 8, 2012, and exercisable as to 10%, 20%, 30% and 40% of shares on November 8, 2013, 2014, 2015 and 2016, respectively.