SHRADER WILLIAM G 4
4 · MAIN STREET RESTAURANT GROUP, INC. · Filed Jun 30, 2006
Insider Transaction Report
Form 4
SHRADER WILLIAM G
DirectorPresident and COO
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2006-06-30$3.21/sh−75,000$240,750→ 0 totalExercise: $3.19Exp: 2009-12-27→ Common Stock (75,000 underlying) - Disposition to Issuer
Restricted Stock Units
2006-06-30$6.40/sh−25,000$160,000→ 0 totalExp: 2011-12-31→ Common Stock (25,000 underlying) - Disposition from Tender
Common Stock
2006-06-28$6.40/sh−67,179$429,946→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2006-06-30$2.96/sh−150,000$444,000→ 0 totalExercise: $3.44Exp: 2009-03-01→ Common Stock (150,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2006-06-30$3.09/sh−50,000$154,500→ 0 totalExercise: $3.31Exp: 2009-06-11→ Common Stock (50,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2006-06-30$4.25/sh−100,000$425,000→ 0 totalExercise: $2.15Exp: 2013-11-19→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]This option was cancelled in connection with the merger (the "Merger") of Main Street Acquisition Corporation with and into Main Street Restaurant Group, Inc. (the "Company") in exchange for a cash payment per share, whether vested or unvested, representing the difference between the exercise price of the option and the tender offer price of $6.40, as set forth in the Agreement and Plan of Merger dated as of May 19, 2006 (the "Merger Agreement") by and among the Company, Main Street Acquisition Corporation, and Briad Main Street, Inc.
- [F2]The restricted stock units are exercisable 1-for-1. In connection with the Merger, the vesting of shares subject to the restricted stock units was accelerated and the reporting person received a cash payment of $6.40 per share instead of shares of Company common stock subject to the restricted stock units.