4//SEC Filing
Higgins Kevin 4
Accession 0001209191-10-051028
CIK 0001352801other
Filed
Oct 18, 8:00 PM ET
Accepted
Oct 19, 5:21 PM ET
Size
11.5 KB
Accession
0001209191-10-051028
Insider Transaction Report
Form 4
Higgins Kevin
President, EMEA
Transactions
- Disposition to Issuer
Common Stock
2010-10-19$24.00/sh−48,745$1,169,880→ 0 total - Disposition to Issuer
Option to Purchase Common Stock
2010-10-19$6.49/sh−13,485$87,518→ 0 totalExercise: $17.51Exp: 2020-08-25→ Common Stock (13,485 underlying) - Disposition to Issuer
Option to Purchase Common Stock
2010-10-19$5.69/sh−33,478$190,490→ 0 totalExercise: $18.31Exp: 2019-08-26→ Common Stock (33,478 underlying)
Footnotes (3)
- [F1]Represents restricted stock units that vested and were canceled at the effective time of the merger (the "Merger") in exchange for a cash payment representing the number of units multiplied by the per share purchase price of $24.00 pursuant to that certain Agreement and Plan of Merger, dated September 2, 2010, by and among Burger King Holdings, Inc. (the "Company"), Blue Acquisition Holding Corporation and Blue Acquisition Sub, Inc. Sixty percent of the of the proceeds from the award granted on August 25, 2010, consisting of 38,434 performance based restricted stock units, will be placed in a trust account established with a third party for the reporting person's benefit. The reporting person will receive an amount equal to 25% of such amount on each of August 25, 2011 and August 25, 2012 and will receive the balance on October 19, 2012, if the reporting person is employed on such dates, subject to certain exceptions.
- [F2]This option, which provided for 25% vesting on each of 8/26/2010, 8/26/2011, 8/26/2012 and 8/26/2013, was canceled in the Merger in exchange for a cash payment representing the number of shares of the Company's common stock underlying such option multiplied by the difference between the exercise price of the option and the per share purchase price of $24.00.
- [F3]This option, which provided for 25% vesting on each of 8/25/2011, 8/25/2012, 8/25/2013 and 8/25/2014, was canceled in the Merger in exchange for a cash payment representing the number of shares of the Company's common stock underlying such option multiplied by the difference between the exercise price of the option and the per share purchase price of $24.00. Sixty percent of the of the proceeds from this award will be placed in a trust account established with a third party for the reporting person's benefit. The reporting person will receive an amount equal to 25% of such amount on each of August 25, 2011 and August 25, 2012 and will receive the balance on October 19, 2012, if the reporting person is employed on such dates, subject to certain exceptions.
Documents
Issuer
Burger King Holdings Inc
CIK 0001352801
Entity typeother
Related Parties
1- filerCIK 0001469608
Filing Metadata
- Form type
- 4
- Filed
- Oct 18, 8:00 PM ET
- Accepted
- Oct 19, 5:21 PM ET
- Size
- 11.5 KB