4//SEC Filing
Bojangles', Inc. 4
Accession 0001192482-17-000123
CIK 0001630132operating
Filed
May 9, 8:00 PM ET
Accepted
May 10, 4:32 PM ET
Size
12.0 KB
Accession
0001192482-17-000123
Insider Transaction Report
Form 4
Bojangles', Inc.BOJA
Jordan M John
Sr. VP of Finance & CFO
Transactions
- Exercise/Conversion
Common Stock
2017-05-09$2.03/sh+56,289$114,267→ 56,289 total - Exercise/Conversion
Stock Option (right to buy)
2017-05-09−10,000→ 100,000 totalExercise: $2.03Exp: 2022-04-17→ Common Stock (10,000 underlying) - Sale
Common Stock
2017-05-09$17.84/sh−56,289$1,004,196→ 0 total - Exercise/Conversion
Stock Option (right to buy)
2017-05-09−46,289→ 230,888 totalExercise: $2.03Exp: 2022-04-17→ Common Stock (46,289 underlying)
Footnotes (4)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- [F2]The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $17.60 to $18.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]The time based stock options are fully vested and currently exercisable.
- [F4]Performance based stock options vest on a sliding scale based upon the return on investment of the funds managed by Advent International Corporation (the "Advent Holders") as compared to the Aggregate Advent Investment Amount (i.e. $162,900,210). The 277,177 performance based stock options originally granted to the reporting person will cumulatively vest on the date(s) on which the Advent Holders receive an aggregate amount of net cash proceeds as follows (1) 16.7% for 2 to 2.5 times the Aggregate Advent Investment Amount; (2) 50% for 2.5 to 3 times the Aggregate Advent Investment Amount; (3) 83.3% for 3 to 3.5 times greater the Aggregate Advent Investment Amount; and (4) 100% for greater than 3.5 times the Aggregate Advent Investment Amount. Currently, 16.7% of the performance based stock options originally granted to the reporting person have vested, all of which were exercised in the transaction reported hereby.
Documents
Issuer
Bojangles', Inc.
CIK 0001630132
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001630132
Filing Metadata
- Form type
- 4
- Filed
- May 9, 8:00 PM ET
- Accepted
- May 10, 4:32 PM ET
- Size
- 12.0 KB