RAVE RESTAURANT GROUP, INC. 4
4 · RAVE RESTAURANT GROUP, INC. · Filed Oct 5, 2016
Insider Transaction Report
Form 4
MULLANY TIMOTHY E
Chief Financial Officer
Transactions
- Sale
COMMON STOCK
2016-09-29$3.04/sh−915$2,782→ 23,185 total - Sale
COMMON STOCK
2016-10-05$3.03/sh−11,000$33,330→ 10,980 total - Sale
COMMON STOCK
2016-10-04$3.00/sh−1,205$3,615→ 21,980 total
Holdings
- 50,000
Employee Stock Option (right to buy)
Exercise: $6.03Exp: 2024-05-05→ Common Stock (50,000 underlying) - 20,050
Restricted Stock Units
From: 2018-10-15Exp: 2018-10-15→ Common Stock - 50,000
Employee Stock Option (right to buy)
Exercise: $6.03Exp: 2024-05-05→ Common Stock (50,000 underlying)
Footnotes (4)
- [F1]Represents the weighted average purchase price of transactions effected at prices ranging from $3.02 per share to $3.11 per share. Upon written request by the SEC, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- [F2]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.
- [F3]Represents employee stock options conditionally granted on May 5, 2014, and exercisable as to 10%, 20%, 30% and 40% of the shares on May 5, 2015, 2016, 2017 and 2018, respectively.
- [F4]Represents employee stock options exercisable as to 5,000, 10,000, 15,000 and 20,000 shares on May 5, 2015, 2016, 2017 and 2018, respectively.