Biviano Michael 4
4 · CARROLS RESTAURANT GROUP, INC. · Filed Mar 7, 2012
Insider Transaction Report
Form 4
Biviano Michael
Executive VP - Taco Cabana
Transactions
- Other
Options (Right to Buy)
2012-03-05−9,600→ 0 totalExercise: $15.60Exp: 2013-12-14→ Common Stock, par value $.01 per share (9,600 underlying) - Award
Common Stock, $0.01 par value
2012-03-05+15,105→ 100,257 total - Other
Options (Right to Buy)
2012-03-05−9,600→ 0 totalExercise: $13.00Exp: 2013-12-14→ Common Stock, par value $.01 per share (9,600 underlying) - Other
Options (Right to Buy)
2012-03-05−10,000→ 0 totalExercise: $6.48Exp: 2017-01-15→ Common Stock, par value $.01 per share (10,000 underlying) - Other
Options (Right to Buy)
2012-03-05−7,500→ 0 totalExercise: $8.08Exp: 2015-01-15→ Common Stock, par value $.01 per share (7,500 underlying) - Other
Options (Right to Buy)
2012-03-05−3,825→ 0 totalExercise: $2.60Exp: 2016-01-15→ Common Stock, par value $.01 per share (3,825 underlying)
Footnotes (5)
- [F1]In connection with the spin-off of Fiesta Restaurant Group, Inc. by Carrols Restaurant Group, Inc. (the "Issuer") and in accordance with the Issuer's 2006 Stock Incentive Plan, as amended (the "Plan"), on March 5, 2012, all (i) outstanding vested stock options held by the Reporting Person under the Plan were converted into unrestricted shares of the Issuer's common stock using a conversion formula to preserve the intrinsic value of each option to the holder and (ii) outstanding unvested stock options held by the Reporting Person under the Plan were converted into restricted shares of the Issuer's common stock using a conversion formula to preserve the intrinsic value of each option to the holder.
- [F2]The Reporting Person's options were granted pursuant to the Plan and will vest and become exercisable over a period of five years, with one-fifth (1/5) of such options becoming exercisable on December 13, 2007, and an additional one-sixtieth (1/60) of such options vesting and becoming exercisable on the first day of each month after December 13, 2007.
- [F3]The Options were granted to the Reporting Person pursuant to the Plan and will vest and become exercisable over a period of five years, with one-fifth (1/5) of such Options vesting on January 15, 2009 an additional one-sixtieth (1/60) of such options vesting and becoming exercisable on the first day of each month after January 15, 2009.
- [F4]The Options were granted to the Reporting Person pursuant to the Plan and will vest and become exercisable over a period of five years, with one-fifth (1/5) of such Options vesting on January 15, 2010 an additional one-sixtieth (1/60) of such options vesting and becoming exercisable on the first day of each month after January 15, 2010.
- [F5]The Options were granted to the Reporting Person pursuant to the Issuer's 2006 Stock Incentive Plan and will vest and become exercisable over a period of five years, with one fifth (1/5) of such Options vesting on January 15, 2011 an additional one-sixtieth (1/60) of such options vesting and becoming exercisable on the first day of each month after January 15, 2011.