4//SEC Filing
KRISPY KREME DOUGHNUTS INC 4
Accession 0001209191-07-025471
CIK 0001100270operating
Filed
Apr 24, 8:00 PM ET
Accepted
Apr 25, 5:44 PM ET
Size
8.7 KB
Accession
0001209191-07-025471
Insider Transaction Report
Form 4
MICHEL SANDRA K
EVP & General Counsel
Transactions
- Award
Common stock, no par value
2007-04-23+20,000→ 20,000 total - Award
Employee Stock Option (right to buy)
2007-04-23+100,000→ 100,000 totalExercise: $10.20Exp: 2017-04-23→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]The common stock will vest provided that Ms. Michel's employment continues through the applicable vesting dates, in four (4) equal installments of 5,000 shares each, beginning April 23, 2008, and continuing on the anniversary of such date thereafter, with the final installment vesting on April 23, 2011.
- [F2]Provided that Ms. Michel?s employment continues through such vesting dates, A) the first 50% of the Options (50,000 shares) will vest in four equal installments of 12,500 shares each, beginning April 23, 2008, and continuing on the anniversary of such date, with the final installment vesting on April 23, 2011; B) The remaining 50% of the Options (50,000 shares) will vest as follows: (1) The first 50% of these options (25,000 shares) to vest if and when the following two conditions have occurred: (a) two years have elapsed since the Transaction Date, and (b) following the Transaction Date, the closing price per share has exceeded 120% of the Exercise Price for ten consecutive trading days; and (2) The remaining 50% of these options (25,000 shares) to vest if and when the following two conditions have occurred: (a) two years have elapsed since the Transaction Date, and (b) following the Transaction Date, the closing price per share has exceeded 140% of the Exerci
Documents
Issuer
KRISPY KREME DOUGHNUTS INC
CIK 0001100270
Entity typeoperating
IncorporatedNC
Related Parties
1- filerCIK 0001100270
Filing Metadata
- Form type
- 4
- Filed
- Apr 24, 8:00 PM ET
- Accepted
- Apr 25, 5:44 PM ET
- Size
- 8.7 KB