4//SEC Filing
Benson Thomas P 4
Accession 0001209191-11-035574
CIK 0000793044other
Filed
Jun 19, 8:00 PM ET
Accepted
Jun 20, 5:05 PM ET
Size
15.9 KB
Accession
0001209191-11-035574
Insider Transaction Report
Form 4
CKX, Inc.CKXE
Benson Thomas P
Chief Financial Officer
Transactions
- Disposition to Issuer
STOCK OPTION
2011-06-16−125,000→ 0 totalExercise: $5.56Exp: 2020-03-19→ Common Stock, par value $0.01 per share (125,000 underlying) - Gift
Common Stock, par value $0.01 per share
2011-05-23−10,000→ 1,340,780 total - Disposition from Tender
Common Stock, par value $0.01 per share
2011-06-16$5.50/sh−1,340,780$7,374,290→ 0 total - Disposition to Issuer
STOCK OPTION
2011-06-16−100,000→ 0 totalExercise: $4.19Exp: 2019-03-13→ Common Stock, par value $0.01 per share (100,000 underlying)
Footnotes (3)
- [F1]Shares of Common Stock tendered into the tender offer launched by CKx Entertainment Offeror, LLC (f/k/a/ Colonel Offeror Sub, LLC) on May 18, 2011 to acquire all of the outstanding shares of Common Stock, par value $0.01 per share, at a purchase price of $5.50 per share, net to the seller in cash, without interest and less any required withholding taxes.
- [F2]This stock option granted under the Issuer's 2005 Omnibus Long-Term Incentive Compensation Plan, and which provided for vesting in one-fifth annual increments beginning on March 13, 2010 was cancelled at the time Colonel Merger Sub, LLC accepted for payment the Common Shares tendered into the tender offer pursuant to the Agreement and Plan of Merger among the Issuer, CKx Entertainment, Inc. (f/k/a Colonel Holdings, Inc.) and Colonel Merger Sub, Inc., in exchange for a cash payment of $1.31 per share, representing the difference between the exercise price of $4.19 and the offer price of $5.50 per share.
- [F3]This stock option granted under the Issuer's 2005 Omnibus Long-Term Incentive Compensation Plan, and which provided for vesting in one-fifth annual increments beginning on March 19, 2011 was cancelled at the time Colonel Merger Sub, LLC accepted for payment the Common Shares tendered into the tender offer pursuant to the Agreement and Plan of Merger among the Issuer, CKx Entertainment, Inc. (f/k/a Colonel Holdings, Inc.) and Colonel Merger Sub, Inc., in exchange for a cash payment of $0 per share, as the exercise price of $5.56 was in excess of the offer price of $5.50 per share.
Issuer
CKX, Inc.
CIK 0000793044
Entity typeother
Related Parties
1- filerCIK 0001316698
Filing Metadata
- Form type
- 4
- Filed
- Jun 19, 8:00 PM ET
- Accepted
- Jun 20, 5:05 PM ET
- Size
- 15.9 KB