MAIN STREET RESTAURANT GROUP, INC. 4
4 · MAIN STREET RESTAURANT GROUP, INC. · Filed Jul 6, 2006
Insider Transaction Report
Form 4
Honigfeld Bradford
10% Owner
Transactions
- Other
Common Stock
2006-06-30+100→ 100 total - Purchase
Common Stock
2006-06-28$6.40/sh+14,123,083$90,387,731→ 16,383,885 total - Purchase
Common Stock
2006-06-30$6.40/sh+848,291$5,429,062→ 0 total
Footnotes (3)
- [F1]On June 30, 2006, Main Street Acquisition Corporation ("MSAC") completed the acquisition of 14,123,083 outstanding shares of common stock of Main Street Restaurant Group, Inc. (the "Company") pursuant to a tender offer (the "Offer") for all of the Company's outstanding shares of common stock. MSAC is a wholly owned subsidiary of Briad Main Street, Inc. ("BMS"), which is wholly owned and controlled by Mr. Honigfeld.
- [F2]Pursuant to the merger of MSAC with and into the Company (the "Merger"), all issued and outstanding shares of the Company's common stock owned or acquired in the Offer by Mr. Honigfeld, BMS, and MSAC were cancelled, and each of the 848,921 shares of the Company's common stock not tendered in the Offer was converted into the right to receive $6.40 in cash.
- [F3]In connection with the Merger, all 100 issued and outstanding shares of MSAC common stock owned by BMS were converted into 100 shares of the Company's common stock. After the completion of the Merger, all 100 issued and oustanding shares of the Company's common stock were owned by BMS.